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¥420.5M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are CN¥5.0B and CN¥2.1B respectively. Yang GuangLtd's EBIT is CN¥28.2M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥59.4M.
Key information
14.4%
Debt to equity ratio
CN¥420.53m
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥59.39m |
| Equity | CN¥2.93b |
| Total liabilities | CN¥2.10b |
| Total assets | CN¥5.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000608's short term assets (CN¥113.0M) do not cover its short term liabilities (CN¥676.5M).
Long Term Liabilities: 000608's short term assets (CN¥113.0M) do not cover its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 000608's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 000608's debt to equity ratio has reduced from 39.5% to 14.4% 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, even with free cash flow being positive and shrinking by 2.8% per year.