Kunshan Kinglai Hygienic MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kunshan Kinglai Hygienic MaterialsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 79.3%. Its total assets and total liabilities are CN¥4.5B and CN¥2.6B respectively. Kunshan Kinglai Hygienic MaterialsLtd's EBIT is CN¥312.6M making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥362.2M.
Key information
79.3%
Debt to equity ratio
CN¥1.51b
Debt
| Interest coverage ratio | 7.8x |
| Cash | CN¥362.18m |
| Equity | CN¥1.90b |
| Total liabilities | CN¥2.63b |
| Total assets | CN¥4.54b |
Recent financial health updates
These 4 Measures Indicate That Kunshan Kinglai Hygienic MaterialsLtd (SZSE:300260) Is Using Debt Extensively
Aug 26
We Think Kunshan Kinglai Hygienic MaterialsLtd (SZSE:300260) Is Taking Some Risk With Its Debt
May 24Recent updates
These 4 Measures Indicate That Kunshan Kinglai Hygienic MaterialsLtd (SZSE:300260) Is Using Debt Extensively
Aug 26Earnings Tell The Story For Kunshan Kinglai Hygienic Materials Co.,Ltd. (SZSE:300260)
Jun 30Investors Will Want Kunshan Kinglai Hygienic MaterialsLtd's (SZSE:300260) Growth In ROCE To Persist
Jun 11We Think Kunshan Kinglai Hygienic MaterialsLtd (SZSE:300260) Is Taking Some Risk With Its Debt
May 24Why Investors Shouldn't Be Surprised By Kunshan Kinglai Hygienic Materials Co.,Ltd.'s (SZSE:300260) 38% Share Price Surge
Mar 02Kunshan Kinglai Hygienic MaterialsLtd (SZSE:300260) Is Doing The Right Things To Multiply Its Share Price
Feb 28Financial Position Analysis
Short Term Liabilities: 300260's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300260's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥477.7M).
Debt to Equity History and Analysis
Debt Level: 300260's net debt to equity ratio (60.3%) is considered high.
Reducing Debt: 300260's debt to equity ratio has reduced from 103.5% to 79.3% over the past 5 years.
Debt Coverage: 300260's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: 300260's interest payments on its debt are well covered by EBIT (7.8x coverage).