Zhongfu Straits (Pingtan) Development Balance Sheet Health
Financial Health criteria checks 6/6
Zhongfu Straits (Pingtan) Development has a total shareholder equity of CN¥2.2B and total debt of CN¥21.3M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥3.8B and CN¥1.6B respectively. Zhongfu Straits (Pingtan) Development's EBIT is CN¥3.3M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥775.6M.
Key information
1.0%
Debt to equity ratio
CN¥21.32m
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥775.57m |
| Equity | CN¥2.19b |
| Total liabilities | CN¥1.59b |
| Total assets | CN¥3.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000592's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 000592's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥36.7M).
Debt to Equity History and Analysis
Debt Level: 000592 has more cash than its total debt.
Reducing Debt: 000592's debt to equity ratio has reduced from 2% to 1% 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: 000592 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000592 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 41.3% each year