FangDa Carbon New MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
FangDa Carbon New MaterialLtd has a total shareholder equity of CN¥18.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CN¥21.3B and CN¥2.9B respectively. FangDa Carbon New MaterialLtd's EBIT is CN¥218.6M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥7.1B.
Key information
6.5%
Debt to equity ratio
CN¥1.19b
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥7.06b |
| Equity | CN¥18.41b |
| Total liabilities | CN¥2.87b |
| Total assets | CN¥21.28b |
Recent financial health updates
We Think FangDa Carbon New MaterialLtd (SHSE:600516) Can Stay On Top Of Its Debt
Sep 20
Is FangDa Carbon New MaterialLtd (SHSE:600516) Using Too Much Debt?
May 22Recent updates
Market Participants Recognise FangDa Carbon New Material Co.,Ltd's (SHSE:600516) Earnings Pushing Shares 37% Higher
Oct 08We Think FangDa Carbon New MaterialLtd (SHSE:600516) Can Stay On Top Of Its Debt
Sep 20Some Investors May Be Worried About FangDa Carbon New MaterialLtd's (SHSE:600516) Returns On Capital
Aug 23Some Confidence Is Lacking In FangDa Carbon New Material Co.,Ltd's (SHSE:600516) P/E
Aug 02Is FangDa Carbon New MaterialLtd (SHSE:600516) Using Too Much Debt?
May 22The Returns On Capital At FangDa Carbon New MaterialLtd (SHSE:600516) Don't Inspire Confidence
Apr 29Some May Be Optimistic About FangDa Carbon New MaterialLtd's (SHSE:600516) Earnings
Apr 08Financial Position Analysis
Short Term Liabilities: 600516's short term assets (CN¥10.3B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600516's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥429.4M).
Debt to Equity History and Analysis
Debt Level: 600516 has more cash than its total debt.
Reducing Debt: 600516's debt to equity ratio has increased from 4.7% to 6.5% over the past 5 years.
Debt Coverage: 600516's debt is well covered by operating cash flow (58.7%).
Interest Coverage: 600516 earns more interest than it pays, so coverage of interest payments is not a concern.