Zhejiang Akcome New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Akcome New Energy TechnologyLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 146.3%. Its total assets and total liabilities are CN¥10.4B and CN¥8.1B respectively.
Key information
146.3%
Debt to equity ratio
CN¥3.38b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.62b |
| Equity | CN¥2.31b |
| Total liabilities | CN¥8.11b |
| Total assets | CN¥10.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002610's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥7.4B).
Long Term Liabilities: 002610's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥686.3M).
Debt to Equity History and Analysis
Debt Level: 002610's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: 002610's debt to equity ratio has increased from 106.2% to 146.3% 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: 002610 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002610 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 35.5% each year.