Zhejiang Three Stars New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Three Stars New Materials has a total shareholder equity of CN¥1.1B and total debt of CN¥58.8M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥3.5B and CN¥2.3B respectively. Zhejiang Three Stars New Materials's EBIT is CN¥121.7M making its interest coverage ratio -47.2. It has cash and short-term investments of CN¥682.3M.
Key information
5.1%
Debt to equity ratio
CN¥58.79m
Debt
| Interest coverage ratio | -47.2x |
| Cash | CN¥682.31m |
| Equity | CN¥1.14b |
| Total liabilities | CN¥2.34b |
| Total assets | CN¥3.48b |
Recent financial health updates
No updates
Recent updates
Zhejiang Three Stars New Materials' (SHSE:603578) Sluggish Earnings Might Be Just The Beginning Of Its Problems
May 06
Calculating The Fair Value Of Zhejiang Three Stars New Materials Co., Ltd. (SHSE:603578)
Mar 18Zhejiang Three Stars New Materials Co., Ltd.'s (SHSE:603578) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 18Investors Met With Slowing Returns on Capital At Zhejiang Three Stars New Materials (SHSE:603578)
Feb 28Financial Position Analysis
Short Term Liabilities: 603578's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603578's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603578 has more cash than its total debt.
Reducing Debt: 603578's debt to equity ratio has increased from 0% to 5.1% over the past 5 years.
Debt Coverage: 603578's debt is well covered by operating cash flow (236.5%).
Interest Coverage: 603578 earns more interest than it pays, so coverage of interest payments is not a concern.