Xinjiang Sailing Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Sailing Information Technology has a total shareholder equity of CN¥357.4M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥689.4M and CN¥332.0M respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥223.65m |
| Equity | CN¥357.43m |
| Total liabilities | CN¥332.00m |
| Total assets | CN¥689.43m |
Recent financial health updates
Recent updates
Xinjiang Sailing Information Technology Co., Ltd.'s (SZSE:300588) Shares Climb 27% But Its Business Is Yet to Catch Up
Nov 01
There's Reason For Concern Over Xinjiang Sailing Information Technology Co., Ltd.'s (SZSE:300588) Massive 35% Price Jump
Aug 26We're Hopeful That Xinjiang Sailing Information Technology (SZSE:300588) Will Use Its Cash Wisely
Aug 23More Unpleasant Surprises Could Be In Store For Xinjiang Sailing Information Technology Co., Ltd.'s (SZSE:300588) Shares After Tumbling 29%
Apr 16What Xinjiang Sailing Information Technology Co., Ltd.'s (SZSE:300588) P/S Is Not Telling You
Feb 28Financial Position Analysis
Short Term Liabilities: 300588's short term assets (CN¥545.8M) exceed its short term liabilities (CN¥307.7M).
Long Term Liabilities: 300588's short term assets (CN¥545.8M) exceed its long term liabilities (CN¥24.3M).
Debt to Equity History and Analysis
Debt Level: 300588 is debt free.
Reducing Debt: 300588 has no debt compared to 5 years ago when its debt to equity ratio was 28.8%.
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: 300588 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 300588 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 2.8% each year