Jiangsu Newamstar Packaging MachineryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Newamstar Packaging MachineryLtd has a total shareholder equity of CN¥692.9M and total debt of CN¥150.8M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥2.3B and CN¥1.6B respectively. Jiangsu Newamstar Packaging MachineryLtd's EBIT is CN¥27.9M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥486.2M.
Key information
21.8%
Debt to equity ratio
CN¥150.80m
Debt
Interest coverage ratio | -6.1x |
Cash | CN¥486.22m |
Equity | CN¥692.94m |
Total liabilities | CN¥1.59b |
Total assets | CN¥2.28b |
Recent financial health updates
No updates
Recent updates
Jiangsu Newamstar Packaging MachineryLtd (SZSE:300509) Could Be Struggling To Allocate Capital
Jun 06Jiangsu Newamstar Packaging MachineryLtd's (SZSE:300509) Conservative Accounting Might Explain Soft Earnings
May 01Jiangsu Newamstar Packaging Machinery Co.,Ltd (SZSE:300509) Stock Catapults 39% Though Its Price And Business Still Lag The Industry
Mar 07Financial Position Analysis
Short Term Liabilities: 300509's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300509's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥14.3M).
Debt to Equity History and Analysis
Debt Level: 300509 has more cash than its total debt.
Reducing Debt: 300509's debt to equity ratio has increased from 0% to 21.8% over the past 5 years.
Debt Coverage: 300509's debt is well covered by operating cash flow (20.3%).
Interest Coverage: 300509 earns more interest than it pays, so coverage of interest payments is not a concern.