China Saftower International Holding Group Balance Sheet Health
Financial Health criteria checks 2/6
China Saftower International Holding Group has a total shareholder equity of CN¥59.3M and total debt of CN¥98.3M, which brings its debt-to-equity ratio to 165.7%. Its total assets and total liabilities are CN¥325.3M and CN¥266.0M respectively.
Key information
165.7%
Debt to equity ratio
CN¥98.25m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥343.00k |
| Equity | CN¥59.28m |
| Total liabilities | CN¥266.03m |
| Total assets | CN¥325.31m |
Recent financial health updates
Recent updates
What China Saftower International Holding Group Limited's (HKG:8623) 46% Share Price Gain Is Not Telling You
May 23
Is China Saftower International Holding Group (HKG:8623) Using Debt In A Risky Way?
Apr 12Subdued Growth No Barrier To China Saftower International Holding Group Limited (HKG:8623) With Shares Advancing 60%
Aug 30Some Investors May Be Worried About China Saftower International Holding Group's (HKG:8623) Returns On Capital
Sep 07Financial Position Analysis
Short Term Liabilities: 8623's short term assets (CN¥189.0M) do not cover its short term liabilities (CN¥208.3M).
Long Term Liabilities: 8623's short term assets (CN¥189.0M) exceed its long term liabilities (CN¥57.7M).
Debt to Equity History and Analysis
Debt Level: 8623's net debt to equity ratio (165.2%) is considered high.
Reducing Debt: 8623's debt to equity ratio has increased from 82.1% to 165.7% 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: 8623 has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if 8623 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.