Hangzhou Gaoxin Materials Technology Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Gaoxin Materials Technology has a total shareholder equity of CN¥76.1M and total debt of CN¥220.0M, which brings its debt-to-equity ratio to 288.9%. Its total assets and total liabilities are CN¥319.5M and CN¥243.3M respectively.
Key information
288.9%
Debt to equity ratio
CN¥220.00m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥6.15m |
| Equity | CN¥76.14m |
| Total liabilities | CN¥243.34m |
| Total assets | CN¥319.48m |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Hangzhou Gaoxin Materials Technology Co., Ltd. (SZSE:300478) Shares Up 38% But Growth Is Lacking
Oct 08
Optimistic Investors Push Hangzhou Gaoxin Materials Technology Co., Ltd. (SZSE:300478) Shares Up 27% But Growth Is Lacking
Aug 20Subdued Growth No Barrier To Hangzhou Gaoxin Materials Technology Co., Ltd.'s (SZSE:300478) Price
Jun 05Statutory Profit Doesn't Reflect How Good Hangzhou Gaoxin Materials Technology's (SZSE:300478) Earnings Are
May 01Hangzhou Gaoxin Materials Technology Co., Ltd.'s (SZSE:300478) 40% Price Boost Is Out Of Tune With Revenues
Mar 07Financial Position Analysis
Short Term Liabilities: 300478's short term assets (CN¥170.8M) do not cover its short term liabilities (CN¥243.3M).
Long Term Liabilities: 300478 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 300478's net debt to equity ratio (280.8%) is considered high.
Reducing Debt: 300478's debt to equity ratio has increased from 61.5% to 288.9% 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: Whilst unprofitable 300478 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300478 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.5% per year.