Zhejiang Furun Digital Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Furun Digital Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥106.1M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CN¥1.5B and CN¥429.0M respectively.
Key information
10.1%
Debt to equity ratio
CN¥106.08m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥68.76m |
| Equity | CN¥1.05b |
| Total liabilities | CN¥429.02m |
| Total assets | CN¥1.48b |
Financial Position Analysis
Short Term Liabilities: 600070's short term assets (CN¥727.8M) exceed its short term liabilities (CN¥408.0M).
Long Term Liabilities: 600070's short term assets (CN¥727.8M) exceed its long term liabilities (CN¥21.1M).
Debt to Equity History and Analysis
Debt Level: 600070's net debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: 600070's debt to equity ratio has reduced from 14.3% to 10.1% 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: 600070 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600070 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.2% each year