Bengang Steel Plates Balance Sheet Health
Financial Health criteria checks 4/6
Bengang Steel Plates has a total shareholder equity of CN¥14.5B and total debt of CN¥9.7B, which brings its debt-to-equity ratio to 66.9%. Its total assets and total liabilities are CN¥46.2B and CN¥31.7B respectively.
Key information
66.9%
Debt to equity ratio
CN¥9.68b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.67b |
| Equity | CN¥14.46b |
| Total liabilities | CN¥31.70b |
| Total assets | CN¥46.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000761's short term assets (CN¥13.7B) do not cover its short term liabilities (CN¥21.3B).
Long Term Liabilities: 000761's short term assets (CN¥13.7B) exceed its long term liabilities (CN¥10.4B).
Debt to Equity History and Analysis
Debt Level: 000761's net debt to equity ratio (48.5%) is considered high.
Reducing Debt: 000761's debt to equity ratio has reduced from 99.2% to 66.9% 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 000761 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000761 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 28.9% per year.