Kunshan Kinglai Hygienic MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kunshan Kinglai Hygienic MaterialsLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 84.1%. Its total assets and total liabilities are CN¥4.2B and CN¥2.4B respectively. Kunshan Kinglai Hygienic MaterialsLtd's EBIT is CN¥278.4M making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥314.7M.
Key information
84.1%
Debt to equity ratio
CN¥1.46b
Debt
Interest coverage ratio | 6.3x |
Cash | CN¥314.67m |
Equity | CN¥1.74b |
Total liabilities | CN¥2.42b |
Total assets | CN¥4.16b |
Financial Position Analysis
Short Term Liabilities: 300260's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 300260's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥555.8M).
Debt to Equity History and Analysis
Debt Level: 300260's net debt to equity ratio (66%) is considered high.
Reducing Debt: 300260's debt to equity ratio has reduced from 109.5% to 84.1% over the past 5 years.
Debt Coverage: 300260's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300260's interest payments on its debt are well covered by EBIT (6.3x coverage).