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 ratio | n/a |
| Cash | CN¥128.22m |
| Equity | CN¥690.05m |
| Total liabilities | CN¥236.74m |
| Total assets | CN¥926.80m |
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.