Guangdong Chaohua Technology Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Chaohua Technology has a total shareholder equity of CN¥755.3M and total debt of CN¥988.2M, which brings its debt-to-equity ratio to 130.8%. Its total assets and total liabilities are CN¥2.5B and CN¥1.8B respectively.
Key information
130.8%
Debt to equity ratio
CN¥988.23m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥22.33m |
| Equity | CN¥755.33m |
| Total liabilities | CN¥1.78b |
| Total assets | CN¥2.54b |
Financial Position Analysis
Short Term Liabilities: 002288's short term assets (CN¥962.1M) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002288's short term assets (CN¥962.1M) exceed its long term liabilities (CN¥295.9M).
Debt to Equity History and Analysis
Debt Level: 002288's net debt to equity ratio (127.9%) is considered high.
Reducing Debt: 002288's debt to equity ratio has increased from 41.2% to 130.8% 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: Whilst unprofitable 002288 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002288 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.1% per year.