Jiangxi Changyun Balance Sheet Health
Financial Health criteria checks 3/6
Jiangxi Changyun has a total shareholder equity of CN¥1.1B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 172.3%. Its total assets and total liabilities are CN¥4.8B and CN¥3.7B respectively. Jiangxi Changyun's EBIT is CN¥81.3M making its interest coverage ratio -12.5. It has cash and short-term investments of CN¥626.9M.
Key information
172.3%
Debt to equity ratio
CN¥1.93b
Debt
Interest coverage ratio | -12.5x |
Cash | CN¥626.85m |
Equity | CN¥1.12b |
Total liabilities | CN¥3.71b |
Total assets | CN¥4.83b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600561's short term assets (CN¥1.1B) do not cover its short term liabilities (CN¥3.3B).
Long Term Liabilities: 600561's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥364.8M).
Debt to Equity History and Analysis
Debt Level: 600561's net debt to equity ratio (116.3%) is considered high.
Reducing Debt: 600561's debt to equity ratio has increased from 138.9% to 172.3% 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 600561 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600561 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.1% per year.