Dalian Friendship (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Dalian Friendship (Group) has a total shareholder equity of CN¥258.3M and total debt of CN¥41.9M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥952.0M and CN¥693.6M respectively. Dalian Friendship (Group)'s EBIT is CN¥1.8M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥119.1M.
Key information
16.2%
Debt to equity ratio
CN¥41.93m
Debt
Interest coverage ratio | 0.07x |
Cash | CN¥119.09m |
Equity | CN¥258.33m |
Total liabilities | CN¥693.65m |
Total assets | CN¥951.98m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000679's short term assets (CN¥251.3M) do not cover its short term liabilities (CN¥678.2M).
Long Term Liabilities: 000679's short term assets (CN¥251.3M) exceed its long term liabilities (CN¥15.4M).
Debt to Equity History and Analysis
Debt Level: 000679 has more cash than its total debt.
Reducing Debt: 000679's debt to equity ratio has reduced from 175.7% to 16.2% 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: 000679 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 000679 has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 21% each year.