CNGR Advanced MaterialLtd Balance Sheet Health
Financial Health criteria checks 3/6
CNGR Advanced MaterialLtd has a total shareholder equity of CN¥28.4B and total debt of CN¥27.5B, which brings its debt-to-equity ratio to 96.6%. Its total assets and total liabilities are CN¥71.1B and CN¥42.6B respectively. CNGR Advanced MaterialLtd's EBIT is CN¥2.7B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥14.4B.
Key information
96.6%
Debt to equity ratio
CN¥27.48b
Debt
| Interest coverage ratio | 3.6x |
| Cash | CN¥14.39b |
| Equity | CN¥28.45b |
| Total liabilities | CN¥42.62b |
| Total assets | CN¥71.06b |
Recent financial health updates
Here's Why CNGR Advanced MaterialLtd (SZSE:300919) Has A Meaningful Debt Burden
Dec 05
Does CNGR Advanced MaterialLtd (SZSE:300919) Have A Healthy Balance Sheet?
Aug 29Recent updates
Here's Why CNGR Advanced MaterialLtd (SZSE:300919) Has A Meaningful Debt Burden
Dec 05CNGR Advanced MaterialLtd's (SZSE:300919) Returns On Capital Not Reflecting Well On The Business
Nov 18With EPS Growth And More, CNGR Advanced MaterialLtd (SZSE:300919) Makes An Interesting Case
Oct 21CNGR Advanced Material Co.,Ltd. (SZSE:300919) Held Back By Insufficient Growth Even After Shares Climb 39%
Oct 01CNGR Advanced MaterialLtd's (SZSE:300919) Earnings Are Of Questionable Quality
Sep 04Does CNGR Advanced MaterialLtd (SZSE:300919) Have A Healthy Balance Sheet?
Aug 29There Are Reasons To Feel Uneasy About CNGR Advanced MaterialLtd's (SZSE:300919) Returns On Capital
Jul 18CNGR Advanced Material Co.,Ltd.'s (SZSE:300919) Low P/E No Reason For Excitement
Jun 09Is It Too Late To Consider Buying CNGR Advanced Material Co.,Ltd. (SZSE:300919)?
May 21CNGR Advanced MaterialLtd (SZSE:300919) May Have Issues Allocating Its Capital
Apr 05Financial Position Analysis
Short Term Liabilities: 300919's short term assets (CN¥34.1B) exceed its short term liabilities (CN¥20.6B).
Long Term Liabilities: 300919's short term assets (CN¥34.1B) exceed its long term liabilities (CN¥22.1B).
Debt to Equity History and Analysis
Debt Level: 300919's net debt to equity ratio (46%) is considered high.
Reducing Debt: 300919's debt to equity ratio has increased from 55.9% to 96.6% over the past 5 years.
Debt Coverage: 300919's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 300919's interest payments on its debt are well covered by EBIT (3.6x coverage).