GuangDong SongYang Recycle ResourcesLTD Balance Sheet Health
Financial Health criteria checks 1/6
GuangDong SongYang Recycle ResourcesLTD has a total shareholder equity of CN¥642.5M and total debt of CN¥528.3M, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are CN¥1.4B and CN¥784.0M respectively.
Key information
82.2%
Debt to equity ratio
CN¥528.31m
Debt
Interest coverage ratio | n/a |
Cash | CN¥24.84m |
Equity | CN¥642.51m |
Total liabilities | CN¥783.95m |
Total assets | CN¥1.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603863's short term assets (CN¥194.7M) do not cover its short term liabilities (CN¥632.8M).
Long Term Liabilities: 603863's short term assets (CN¥194.7M) exceed its long term liabilities (CN¥151.2M).
Debt to Equity History and Analysis
Debt Level: 603863's net debt to equity ratio (78.4%) is considered high.
Reducing Debt: 603863's debt to equity ratio has increased from 17.6% to 82.2% 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: 603863 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 603863 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 7.3% each year