Shandong Molong Petroleum Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Molong Petroleum Machinery has a total shareholder equity of CN¥657.2M and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 268.2%. Its total assets and total liabilities are CN¥3.3B and CN¥2.6B respectively.
Key information
268.2%
Debt to equity ratio
CN¥1.76b
Debt
Interest coverage ratio | n/a |
Cash | CN¥174.46m |
Equity | CN¥657.17m |
Total liabilities | CN¥2.65b |
Total assets | CN¥3.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHAN.Y's short term assets (CN¥1.1B) do not cover its short term liabilities (CN¥2.5B).
Long Term Liabilities: SHAN.Y's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥113.1M).
Debt to Equity History and Analysis
Debt Level: SHAN.Y's net debt to equity ratio (241.6%) is considered high.
Reducing Debt: SHAN.Y's debt to equity ratio has increased from 149.5% to 268.2% 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: SHAN.Y has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SHAN.Y has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 6.8% each year.