Zhejiang Furun Digital TechnologyLTD Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Furun Digital TechnologyLTD has a total shareholder equity of CN¥596.0M and total debt of CN¥100.1M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are CN¥986.0M and CN¥390.1M respectively.
Key information
16.8%
Debt to equity ratio
CN¥100.13m
Debt
Interest coverage ratio | n/a |
Cash | CN¥28.22m |
Equity | CN¥595.97m |
Total liabilities | CN¥390.08m |
Total assets | CN¥986.05m |
Financial Position Analysis
Short Term Liabilities: 600070's short term assets (CN¥380.2M) exceed its short term liabilities (CN¥376.3M).
Long Term Liabilities: 600070's short term assets (CN¥380.2M) exceed its long term liabilities (CN¥13.8M).
Debt to Equity History and Analysis
Debt Level: 600070's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: 600070's debt to equity ratio has reduced from 18.7% to 16.8% 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: 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 10.5% each year