Yangmei Chemical Co.,Ltd

XSSC:600691 Stock Report

Market Cap: CN¥5.6b

Yangmei ChemicalLtd Balance Sheet Health

Financial Health criteria checks 4/6

Yangmei ChemicalLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 225.8%. Its total assets and total liabilities are CN¥20.4B and CN¥16.3B respectively.

Key information

225.8%

Debt to equity ratio

CN¥9.11b

Debt

Interest coverage ration/a
CashCN¥5.16b
EquityCN¥4.03b
Total liabilitiesCN¥16.33b
Total assetsCN¥20.37b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 600691's short term assets (CN¥10.2B) do not cover its short term liabilities (CN¥13.8B).

Long Term Liabilities: 600691's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥2.5B).


Debt to Equity History and Analysis

Debt Level: 600691's net debt to equity ratio (97.8%) is considered high.

Reducing Debt: 600691's debt to equity ratio has reduced from 336.4% to 225.8% 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 600691 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 600691 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20% per year.


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