Yantai Zhenghai Magnetic Material Balance Sheet Health
Financial Health criteria checks 5/6
Yantai Zhenghai Magnetic Material has a total shareholder equity of CN¥4.0B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥8.5B and CN¥4.5B respectively. Yantai Zhenghai Magnetic Material's EBIT is CN¥471.2M making its interest coverage ratio 19.6. It has cash and short-term investments of CN¥2.2B.
Key information
30.3%
Debt to equity ratio
CN¥1.21b
Debt
| Interest coverage ratio | 19.6x |
| Cash | CN¥2.20b |
| Equity | CN¥3.99b |
| Total liabilities | CN¥4.48b |
| Total assets | CN¥8.47b |
Recent financial health updates
Recent updates
Yantai Zhenghai Magnetic Material (SZSE:300224) Has Affirmed Its Dividend Of CN¥0.20
Apr 24
Calculating The Fair Value Of Yantai Zhenghai Magnetic Material Co., Ltd. (SZSE:300224)
Apr 22We Think That There Are Some Issues For Yantai Zhenghai Magnetic Material (SZSE:300224) Beyond Its Promising Earnings
Apr 03We Think Yantai Zhenghai Magnetic Material (SZSE:300224) Can Stay On Top Of Its Debt
Mar 19Financial Position Analysis
Short Term Liabilities: 300224's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 300224's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 300224 has more cash than its total debt.
Reducing Debt: 300224's debt to equity ratio has increased from 0.5% to 30.3% over the past 5 years.
Debt Coverage: 300224's debt is well covered by operating cash flow (72.9%).
Interest Coverage: 300224's interest payments on its debt are well covered by EBIT (19.6x coverage).