Changsha DIALINE New Material Sci.&Tech Balance Sheet Health
Financial Health criteria checks 6/6
Changsha DIALINE New Material Sci.&Tech has a total shareholder equity of CN¥1.3B and total debt of CN¥374.3M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥2.1B and CN¥778.6M respectively. Changsha DIALINE New Material Sci.&Tech's EBIT is CN¥105.7M making its interest coverage ratio 10.9. It has cash and short-term investments of CN¥356.3M.
Key information
29.0%
Debt to equity ratio
CN¥374.29m
Debt
Interest coverage ratio | 10.9x |
Cash | CN¥356.31m |
Equity | CN¥1.29b |
Total liabilities | CN¥778.63m |
Total assets | CN¥2.07b |
Recent financial health updates
No updates
Recent updates
Changsha DIALINE New Material Sci.&Tech's (SZSE:300700) Solid Earnings May Rest On Weak Foundations
Apr 03Does Changsha DIALINE New Material Sci.&Tech (SZSE:300700) Deserve A Spot On Your Watchlist?
Mar 28Market Participants Recognise Changsha DIALINE New Material Sci.&Tech. Co., Ltd.'s (SZSE:300700) Revenues Pushing Shares 40% Higher
Mar 07Financial Position Analysis
Short Term Liabilities: 300700's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥561.6M).
Long Term Liabilities: 300700's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥217.0M).
Debt to Equity History and Analysis
Debt Level: 300700's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 300700's debt to equity ratio has reduced from 88.3% to 29% over the past 5 years.
Debt Coverage: 300700's debt is well covered by operating cash flow (43.2%).
Interest Coverage: 300700's interest payments on its debt are well covered by EBIT (10.9x coverage).