XiaMen HongXin Electron-tech GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
XiaMen HongXin Electron-tech GroupLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are CN¥5.3B and CN¥3.7B respectively.
Key information
85.2%
Debt to equity ratio
CN¥1.38b
Debt
Interest coverage ratio | n/a |
Cash | CN¥670.93m |
Equity | CN¥1.62b |
Total liabilities | CN¥3.71b |
Total assets | CN¥5.34b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300657's short term assets (CN¥3.0B) do not cover its short term liabilities (CN¥3.3B).
Long Term Liabilities: 300657's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥423.6M).
Debt to Equity History and Analysis
Debt Level: 300657's net debt to equity ratio (43.9%) is considered high.
Reducing Debt: 300657's debt to equity ratio has reduced from 92.4% to 85.2% 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: 300657 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 300657 has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 17.8% each year.