China Zenith Chemical Group Balance Sheet Health
Financial Health criteria checks 2/6
China Zenith Chemical Group has a total shareholder equity of HK$-1.0B and total debt of HK$1.2B, which brings its debt-to-equity ratio to -120.3%. Its total assets and total liabilities are HK$677.1M and HK$1.7B respectively.
Key information
-120.3%
Debt to equity ratio
HK$1.22b
Debt
| Interest coverage ratio | n/a |
| Cash | HK$1.23m |
| Equity | -HK$1.01b |
| Total liabilities | HK$1.69b |
| Total assets | HK$677.12m |
Recent financial health updates
Is China Zenith Chemical Group (HKG:362) A Risky Investment?
Apr 28
Does Xinyang Maojian Group (HKG:362) Have A Healthy Balance Sheet?
May 23Xinyang Maojian Group (HKG:362) Has Debt But No Earnings; Should You Worry?
Feb 06
Recent updates
Why Investors Shouldn't Be Surprised By China Zenith Chemical Group Limited's (HKG:362) 27% Share Price Plunge
Dec 27Is China Zenith Chemical Group (HKG:362) A Risky Investment?
Apr 28Does Xinyang Maojian Group (HKG:362) Have A Healthy Balance Sheet?
May 23How Many Xinyang Maojian Group Limited (HKG:362) Shares Have Insiders Sold, In The Last Year?
Mar 13Xinyang Maojian Group (HKG:362) Has Debt But No Earnings; Should You Worry?
Feb 06Xinyang Maojian Group's (HKG:362) Shareholders Are Down 87% On Their Shares
Dec 31Financial Position Analysis
Short Term Liabilities: 362 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 362 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 362 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 362's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: 362 has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 362 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.