Shandong Kuntai New Material Technology Co., Ltd.

SZSE:001260 Stock Report

Market Cap: CN¥1.8b

Shandong Kuntai New Material Technology Balance Sheet Health

Financial Health criteria checks 6/6

Shandong Kuntai New Material Technology has a total shareholder equity of CN¥779.2M and total debt of CN¥11.5M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥1.0B and CN¥243.7M respectively. Shandong Kuntai New Material Technology's EBIT is CN¥51.2M making its interest coverage ratio -12.8. It has cash and short-term investments of CN¥260.5M.

Key information

1.5%

Debt to equity ratio

CN¥11.46m

Debt

Interest coverage ratio-12.8x
CashCN¥260.48m
EquityCN¥779.16m
Total liabilitiesCN¥243.73m
Total assetsCN¥1.02b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 001260's short term assets (CN¥619.4M) exceed its short term liabilities (CN¥235.9M).

Long Term Liabilities: 001260's short term assets (CN¥619.4M) exceed its long term liabilities (CN¥7.8M).


Debt to Equity History and Analysis

Debt Level: 001260 has more cash than its total debt.

Reducing Debt: 001260's debt to equity ratio has reduced from 18.4% to 1.5% over the past 5 years.

Debt Coverage: 001260's debt is well covered by operating cash flow (129.2%).

Interest Coverage: 001260 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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