Shanghai Prosolar Resources Development Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Prosolar Resources Development has a total shareholder equity of CN¥277.3M and total debt of CN¥33.6M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are CN¥733.0M and CN¥455.7M respectively.
Key information
12.1%
Debt to equity ratio
CN¥33.64m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥6.51m |
| Equity | CN¥277.31m |
| Total liabilities | CN¥455.68m |
| Total assets | CN¥732.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600193's short term assets (CN¥533.5M) exceed its short term liabilities (CN¥455.0M).
Long Term Liabilities: 600193's short term assets (CN¥533.5M) exceed its long term liabilities (CN¥714.3K).
Debt to Equity History and Analysis
Debt Level: 600193's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: 600193's debt to equity ratio has reduced from 26% to 12.1% 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: 600193 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 600193 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.