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¥797.8M and total debt of CN¥10.6M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥1.0B and CN¥232.2M respectively. Shandong Kuntai New Material Technology's EBIT is CN¥64.2M making its interest coverage ratio -24.7. It has cash and short-term investments of CN¥144.8M.
Key information
1.3%
Debt to equity ratio
CN¥10.62m
Debt
| Interest coverage ratio | -24.7x |
| Cash | CN¥144.77m |
| Equity | CN¥797.79m |
| Total liabilities | CN¥232.24m |
| Total assets | CN¥1.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001260's short term assets (CN¥517.9M) exceed its short term liabilities (CN¥208.1M).
Long Term Liabilities: 001260's short term assets (CN¥517.9M) exceed its long term liabilities (CN¥24.1M).
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 22.1% to 1.3% over the past 5 years.
Debt Coverage: 001260's debt is well covered by operating cash flow (448.2%).
Interest Coverage: 001260 earns more interest than it pays, so coverage of interest payments is not a concern.