Jiangsu Newamstar Packaging MachineryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Newamstar Packaging MachineryLtd has a total shareholder equity of CN¥601.8M and total debt of CN¥207.2M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥2.6B and CN¥2.0B respectively. Jiangsu Newamstar Packaging MachineryLtd's EBIT is CN¥9.4M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥555.1M.
Key information
34.4%
Debt to equity ratio
CN¥207.20m
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥555.13m |
| Equity | CN¥601.82m |
| Total liabilities | CN¥2.01b |
| Total assets | CN¥2.61b |
Recent financial health updates
No updates
Recent updates
Jiangsu Newamstar Packaging MachineryLtd's (SZSE:300509) Solid Earnings Are Supported By Other Strong Factors
Nov 01
Jiangsu Newamstar Packaging Machinery Co.,Ltd (SZSE:300509) Stock Catapults 50% Though Its Price And Business Still Lag The Industry
Oct 08Jiangsu 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¥2.3B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 300509's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥13.1M).
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 7.2% to 34.4% over the past 5 years.
Debt Coverage: 300509's debt is well covered by operating cash flow (106.6%).
Interest Coverage: 300509 earns more interest than it pays, so coverage of interest payments is not a concern.