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¥1.3B, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are CN¥6.0B and CN¥4.4B respectively.
Key information
80.8%
Debt to equity ratio
CN¥1.31b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥472.86m |
| Equity | CN¥1.62b |
| Total liabilities | CN¥4.40b |
| Total assets | CN¥6.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300657's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥4.0B).
Long Term Liabilities: 300657's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥363.3M).
Debt to Equity History and Analysis
Debt Level: 300657's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: 300657's debt to equity ratio has reduced from 85.9% to 80.8% 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: 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 1.3 years if free cash flow continues to reduce at historical rates of 15.3% each year.