Kandi Technologies Group Balance Sheet Health
Financial Health criteria checks 6/6
Kandi Technologies Group has a total shareholder equity of $398.7M and total debt of $25.0M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are $479.0M and $80.2M respectively.
Key information
6.3%
Debt to equity ratio
US$24.99m
Debt
Interest coverage ratio | n/a |
Cash | US$169.35m |
Equity | US$398.74m |
Total liabilities | US$80.21m |
Total assets | US$478.95m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K8A's short term assets ($324.4M) exceed its short term liabilities ($71.5M).
Long Term Liabilities: K8A's short term assets ($324.4M) exceed its long term liabilities ($8.7M).
Debt to Equity History and Analysis
Debt Level: K8A has more cash than its total debt.
Reducing Debt: K8A's debt to equity ratio has reduced from 41.7% to 6.3% 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 K8A has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: K8A is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.8% per year.