Henan Ancai Hi-TechLtd Balance Sheet Health
Financial Health criteria checks 2/6
Henan Ancai Hi-TechLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are CN¥7.0B and CN¥3.7B respectively. Henan Ancai Hi-TechLtd's EBIT is CN¥102.9M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥589.6M.
Key information
66.7%
Debt to equity ratio
CN¥2.21b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥589.62m |
| Equity | CN¥3.31b |
| Total liabilities | CN¥3.69b |
| Total assets | CN¥7.00b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Henan Ancai Hi-TechLtd (SHSE:600207) Is Using Debt Extensively
Jul 25
Why Investors Shouldn't Be Surprised By Henan Ancai Hi-Tech Co.,Ltd's (SHSE:600207) 28% Share Price Plunge
Apr 21There's Been No Shortage Of Growth Recently For Henan Ancai Hi-TechLtd's (SHSE:600207) Returns On Capital
Mar 28Improved Revenues Required Before Henan Ancai Hi-Tech Co.,Ltd (SHSE:600207) Stock's 48% Jump Looks Justified
Mar 06Financial Position Analysis
Short Term Liabilities: 600207's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600207's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 600207's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: 600207's debt to equity ratio has increased from 0% to 66.7% 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: Insufficient data to determine if 600207 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 600207 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.