Letong ChemicalLTD Balance Sheet Health
Financial Health criteria checks 3/6
Letong ChemicalLTD has a total shareholder equity of CN¥59.5M and total debt of CN¥195.2M, which brings its debt-to-equity ratio to 328.2%. Its total assets and total liabilities are CN¥614.1M and CN¥554.6M respectively.
Key information
328.2%
Debt to equity ratio
CN¥195.23m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥10.20m |
| Equity | CN¥59.49m |
| Total liabilities | CN¥554.60m |
| Total assets | CN¥614.09m |
Recent financial health updates
No updates
Recent updates
Letong Chemical Co.,LTD (SZSE:002319) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Oct 28
Letong Chemical Co.,LTD's (SZSE:002319) Popularity With Investors Under Threat As Stock Sinks 26%
Apr 22What Letong Chemical Co.,LTD's (SZSE:002319) 35% Share Price Gain Is Not Telling You
Mar 08Financial Position Analysis
Short Term Liabilities: 002319's short term assets (CN¥277.4M) do not cover its short term liabilities (CN¥554.2M).
Long Term Liabilities: 002319's short term assets (CN¥277.4M) exceed its long term liabilities (CN¥356.8K).
Debt to Equity History and Analysis
Debt Level: 002319's net debt to equity ratio (311%) is considered high.
Reducing Debt: 002319's debt to equity ratio has increased from 55.5% to 328.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 002319 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002319 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 30.1% per year.