Shenzhen Hemei GroupLTD Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Hemei GroupLTD has a total shareholder equity of CN¥596.9M and total debt of CN¥3.1M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥808.0M and CN¥211.2M respectively.
Key information
0.5%
Debt to equity ratio
CN¥3.12m
Debt
Interest coverage ratio | n/a |
Cash | CN¥535.78m |
Equity | CN¥596.86m |
Total liabilities | CN¥211.17m |
Total assets | CN¥808.04m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002356's short term assets (CN¥685.3M) exceed its short term liabilities (CN¥200.1M).
Long Term Liabilities: 002356's short term assets (CN¥685.3M) exceed its long term liabilities (CN¥11.1M).
Debt to Equity History and Analysis
Debt Level: 002356 has more cash than its total debt.
Reducing Debt: 002356 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: 002356 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002356 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 58.6% each year