Yantai Zhenghai Magnetic Material Balance Sheet Health
Financial Health criteria checks 5/6
Yantai Zhenghai Magnetic Material has a total shareholder equity of CN¥3.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥8.0B and CN¥4.1B respectively. Yantai Zhenghai Magnetic Material's EBIT is CN¥335.3M making its interest coverage ratio 15.1. It has cash and short-term investments of CN¥1.9B.
Key information
31.8%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | 15.1x |
| Cash | CN¥1.94b |
| Equity | CN¥3.90b |
| Total liabilities | CN¥4.09b |
| Total assets | CN¥7.99b |
Recent financial health updates
Recent updates
Subdued Growth No Barrier To Yantai Zhenghai Magnetic Material Co., Ltd. (SZSE:300224) With Shares Advancing 26%
Nov 22
Investors Still Aren't Entirely Convinced By Yantai Zhenghai Magnetic Material Co., Ltd.'s (SZSE:300224) Earnings Despite 45% Price Jump
Oct 08Yantai Zhenghai Magnetic Material Co., Ltd. (SZSE:300224) Shares Could Be 46% Below Their Intrinsic Value Estimate
Sep 26Improved Earnings Required Before Yantai Zhenghai Magnetic Material Co., Ltd. (SZSE:300224) Shares Find Their Feet
Jun 26Yantai Zhenghai Magnetic Material (SZSE:300224) Has Affirmed Its Dividend Of CN¥0.20
Apr 24Calculating 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¥5.5B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 300224's short term assets (CN¥5.5B) 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 0.7% to 31.8% over the past 5 years.
Debt Coverage: 300224's debt is well covered by operating cash flow (64.7%).
Interest Coverage: 300224's interest payments on its debt are well covered by EBIT (15.1x coverage).