Anhui Zhongyuan New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Anhui Zhongyuan New Materials has a total shareholder equity of CN¥1.9B and total debt of CN¥653.0M, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥3.1B and CN¥1.1B respectively. Anhui Zhongyuan New Materials's EBIT is CN¥108.0M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥467.1M.
Key information
33.9%
Debt to equity ratio
CN¥653.00m
Debt
Interest coverage ratio | 9.1x |
Cash | CN¥467.12m |
Equity | CN¥1.93b |
Total liabilities | CN¥1.13b |
Total assets | CN¥3.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603527's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥836.9M).
Long Term Liabilities: 603527's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥296.9M).
Debt to Equity History and Analysis
Debt Level: 603527's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: 603527's debt to equity ratio has increased from 21.9% to 33.9% over the past 5 years.
Debt Coverage: 603527's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603527's interest payments on its debt are well covered by EBIT (9.1x coverage).