Jiangxi Hengda Hi-Tech Co.,Ltd.

SZSE:002591 Stock Report

Market Cap: CN¥1.4b

Jiangxi Hengda Hi-TechLtd Balance Sheet Health

Financial Health criteria checks 6/6

Jiangxi Hengda Hi-TechLtd has a total shareholder equity of CN¥690.1M and total debt of CN¥73.5M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥926.8M and CN¥236.7M respectively.

Key information

10.7%

Debt to equity ratio

CN¥73.50m

Debt

Interest coverage ration/a
CashCN¥128.22m
EquityCN¥690.05m
Total liabilitiesCN¥236.74m
Total assetsCN¥926.80m

Recent financial health updates

No updates

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For Jiangxi Hengda Hi-Tech Co.,Ltd. (SZSE:002591)

Jul 31
Risks To Shareholder Returns Are Elevated At These Prices For Jiangxi Hengda Hi-Tech Co.,Ltd. (SZSE:002591)

Jiangxi Hengda Hi-Tech Co.,Ltd. (SZSE:002591) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Mar 07
Jiangxi Hengda Hi-Tech Co.,Ltd. (SZSE:002591) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Financial Position Analysis

Short Term Liabilities: 002591's short term assets (CN¥458.7M) exceed its short term liabilities (CN¥218.3M).

Long Term Liabilities: 002591's short term assets (CN¥458.7M) exceed its long term liabilities (CN¥18.5M).


Debt to Equity History and Analysis

Debt Level: 002591 has more cash than its total debt.

Reducing Debt: 002591's debt to equity ratio has reduced from 10.7% to 10.7% 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 002591 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 002591 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.6% per year.


Discover healthy companies