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¥63.8M making its interest coverage ratio -19.9. 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 | -19.9x |
Cash | CN¥260.48m |
Equity | CN¥779.16m |
Total liabilities | CN¥243.73m |
Total assets | CN¥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.