Suzhou Victory Precision Manufacture Balance Sheet Health
Financial Health criteria checks 4/6
Suzhou Victory Precision Manufacture has a total shareholder equity of CN¥3.4B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are CN¥7.4B and CN¥4.0B respectively.
Key information
56.6%
Debt to equity ratio
CN¥1.92b
Debt
Interest coverage ratio | n/a |
Cash | CN¥452.44m |
Equity | CN¥3.39b |
Total liabilities | CN¥4.04b |
Total assets | CN¥7.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002426's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002426's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥242.0M).
Debt to Equity History and Analysis
Debt Level: 002426's net debt to equity ratio (43.3%) is considered high.
Reducing Debt: 002426's debt to equity ratio has reduced from 62.4% to 56.6% 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: Whilst unprofitable 002426 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002426 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.6% per year.