China Anchu Energy Storage Group Balance Sheet Health
Financial Health criteria checks 1/6
China Anchu Energy Storage Group has a total shareholder equity of CN¥654.5M and total debt of CN¥487.6M, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are CN¥1.6B and CN¥976.8M respectively. China Anchu Energy Storage Group's EBIT is CN¥34.0M making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥41.0M.
Key information
74.5%
Debt to equity ratio
CN¥487.57m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CN¥40.98m |
| Equity | CN¥654.46m |
| Total liabilities | CN¥976.84m |
| Total assets | CN¥1.63b |
Recent financial health updates
China Anchu Energy Storage Group (HKG:2399) Use Of Debt Could Be Considered Risky
Sep 23
Is China Fordoo Holdings (HKG:2399) A Risky Investment?
Sep 02Is China Fordoo Holdings (HKG:2399) A Risky Investment?
May 09Recent updates
The Price Is Right For China Anchu Energy Storage Group Limited (HKG:2399)
Oct 29China Anchu Energy Storage Group (HKG:2399) Use Of Debt Could Be Considered Risky
Sep 23China Anchu Energy Storage Group Limited's (HKG:2399) CEO Compensation Looks Acceptable To Us And Here's Why
May 23China Anchu Energy Storage Group Limited (HKG:2399) Looks Just Right With A 25% Price Jump
Apr 16What You Can Learn From China Anchu Energy Storage Group Limited's (HKG:2399) P/SAfter Its 36% Share Price Crash
Feb 29Revenues Tell The Story For China Anchu Energy Storage Group Limited (HKG:2399) As Its Stock Soars 34%
Dec 05Is China Fordoo Holdings (HKG:2399) A Risky Investment?
Sep 02Is China Fordoo Holdings (HKG:2399) A Risky Investment?
May 09Financial Position Analysis
Short Term Liabilities: 2399's short term assets (CN¥859.2M) do not cover its short term liabilities (CN¥906.7M).
Long Term Liabilities: 2399's short term assets (CN¥859.2M) exceed its long term liabilities (CN¥70.2M).
Debt to Equity History and Analysis
Debt Level: 2399's net debt to equity ratio (68.2%) is considered high.
Reducing Debt: 2399's debt to equity ratio has increased from 37.9% to 74.5% 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: 2399 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2399 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.9% each year