Yang GuangLtd Balance Sheet Health
Financial Health criteria checks 4/6
Yang GuangLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥433.2M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are CN¥4.3B and CN¥1.4B respectively. Yang GuangLtd's EBIT is CN¥77.6M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥73.1M.
Key information
14.9%
Debt to equity ratio
CN¥433.18m
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥73.07m |
Equity | CN¥2.91b |
Total liabilities | CN¥1.41b |
Total assets | CN¥4.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000608's short term assets (CN¥107.5M) do not cover its short term liabilities (CN¥651.7M).
Long Term Liabilities: 000608's short term assets (CN¥107.5M) do not cover its long term liabilities (CN¥762.2M).
Debt to Equity History and Analysis
Debt Level: 000608's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: 000608's debt to equity ratio has reduced from 48.1% to 14.9% 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 000608 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000608 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15% per year.