Hubei Guochuang Hi-tech MaterialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hubei Guochuang Hi-tech MaterialLtd has a total shareholder equity of CN¥535.9M and total debt of CN¥366.7M, which brings its debt-to-equity ratio to 68.4%. Its total assets and total liabilities are CN¥1.0B and CN¥496.9M respectively.
Key information
68.4%
Debt to equity ratio
CN¥366.65m
Debt
Interest coverage ratio | n/a |
Cash | CN¥83.10m |
Equity | CN¥535.89m |
Total liabilities | CN¥496.93m |
Total assets | CN¥1.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002377's short term assets (CN¥639.4M) exceed its short term liabilities (CN¥484.4M).
Long Term Liabilities: 002377's short term assets (CN¥639.4M) exceed its long term liabilities (CN¥12.5M).
Debt to Equity History and Analysis
Debt Level: 002377's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: 002377's debt to equity ratio has increased from 8.4% to 68.4% 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 002377 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002377 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.7% per year.