Liaoning Kelong Fine ChemicalInc Balance Sheet Health
Financial Health criteria checks 4/6
Liaoning Kelong Fine ChemicalInc has a total shareholder equity of CN¥501.3M and total debt of CN¥521.0M, which brings its debt-to-equity ratio to 103.9%. Its total assets and total liabilities are CN¥1.2B and CN¥673.0M respectively.
Key information
103.9%
Debt to equity ratio
CN¥520.96m
Debt
Interest coverage ratio | n/a |
Cash | CN¥88.70m |
Equity | CN¥501.30m |
Total liabilities | CN¥672.95m |
Total assets | CN¥1.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300405's short term assets (CN¥706.9M) exceed its short term liabilities (CN¥651.6M).
Long Term Liabilities: 300405's short term assets (CN¥706.9M) exceed its long term liabilities (CN¥21.3M).
Debt to Equity History and Analysis
Debt Level: 300405's net debt to equity ratio (86.2%) is considered high.
Reducing Debt: 300405's debt to equity ratio has increased from 65.6% to 103.9% 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: 300405 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 300405 has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 29.4% each year.