Asian Star Anchor Chain Jiangsu Balance Sheet Health
Financial Health criteria checks 5/6
Asian Star Anchor Chain Jiangsu has a total shareholder equity of CN¥3.7B and total debt of CN¥475.2M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥4.8B and CN¥1.2B respectively. Asian Star Anchor Chain Jiangsu's EBIT is CN¥213.3M making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥2.4B.
Key information
12.9%
Debt to equity ratio
CN¥475.24m
Debt
Interest coverage ratio | -6.6x |
Cash | CN¥2.36b |
Equity | CN¥3.68b |
Total liabilities | CN¥1.17b |
Total assets | CN¥4.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601890's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥720.7M).
Long Term Liabilities: 601890's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥447.9M).
Debt to Equity History and Analysis
Debt Level: 601890 has more cash than its total debt.
Reducing Debt: 601890's debt to equity ratio has increased from 10.1% to 12.9% over the past 5 years.
Debt Coverage: 601890's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 601890 earns more interest than it pays, so coverage of interest payments is not a concern.