Xinjiang Sailing Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Xinjiang Sailing Information Technology has a total shareholder equity of CN¥367.0M and total debt of CN¥5.9M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥724.5M and CN¥357.4M respectively.
Key information
1.6%
Debt to equity ratio
CN¥5.87m
Debt
Interest coverage ratio | n/a |
Cash | CN¥236.86m |
Equity | CN¥367.03m |
Total liabilities | CN¥357.42m |
Total assets | CN¥724.46m |
Financial Position Analysis
Short Term Liabilities: 300588's short term assets (CN¥584.0M) exceed its short term liabilities (CN¥332.6M).
Long Term Liabilities: 300588's short term assets (CN¥584.0M) exceed its long term liabilities (CN¥24.8M).
Debt to Equity History and Analysis
Debt Level: 300588 has more cash than its total debt.
Reducing Debt: 300588's debt to equity ratio has reduced from 37.8% to 1.6% 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: 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 grow at historical rates of 25.5% each year