We're Not Very Worried About Jianzhi Education Technology Group's (NASDAQ:JZ) Cash Burn Rate [Yahoo! Finance]
Jianzhi Education Technology Group Company Limited - American Depositary Shares (JZ)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Jianzhi Education Technology Group NASDAQ:JZ ) shareholders should be worried about its cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. When Might Jianzhi Education Technology Group Run Out Of Money? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Jianzhi Education Technology Group last reported its June 2024 balance sheet in September 2024, it had zero debt and cash worth CN¥21m. Importantly, its cash burn was CN¥15m over the trailing twelve months. So it had a cash runway of approximately 16 months from June 2024. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastical
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Sec Filings
- 11/15/24 - Form F-3
- 9/26/24 - Form 6-K
- 8/30/24 - Form S-8
- JZ's page on the SEC website