Hengerda New Materials (Fujian) Balance Sheet Health
Financial Health criteria checks 5/6
Hengerda New Materials (Fujian) has a total shareholder equity of CN¥1.1B and total debt of CN¥146.3M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are CN¥1.5B and CN¥362.9M respectively. Hengerda New Materials (Fujian)'s EBIT is CN¥102.5M making its interest coverage ratio 284.1. It has cash and short-term investments of CN¥107.7M.
Key information
12.7%
Debt to equity ratio
CN¥146.30m
Debt
| Interest coverage ratio | 284.1x |
| Cash | CN¥107.69m |
| Equity | CN¥1.15b |
| Total liabilities | CN¥362.92m |
| Total assets | CN¥1.51b |
Recent financial health updates
No updates
Recent updates
There Are Reasons To Feel Uneasy About Hengerda New Materials (Fujian)'s (SZSE:300946) Returns On Capital
Sep 27
Investor Optimism Abounds Hengerda New Materials (Fujian) Co., Ltd. (SZSE:300946) But Growth Is Lacking
Jun 26Hengerda New Materials (Fujian) (SZSE:300946) Is Paying Out A Dividend Of CN¥0.23
May 22We Think That There Are More Issues For Hengerda New Materials (Fujian) (SZSE:300946) Than Just Sluggish Earnings
May 01Hengerda New Materials (Fujian) Co., Ltd.'s (SZSE:300946) Business Is Trailing The Market But Its Shares Aren't
Feb 26Financial Position Analysis
Short Term Liabilities: 300946's short term assets (CN¥755.9M) exceed its short term liabilities (CN¥301.2M).
Long Term Liabilities: 300946's short term assets (CN¥755.9M) exceed its long term liabilities (CN¥61.7M).
Debt to Equity History and Analysis
Debt Level: 300946's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 300946's debt to equity ratio has increased from 8.9% to 12.7% over the past 5 years.
Debt Coverage: 300946's debt is well covered by operating cash flow (38.3%).
Interest Coverage: 300946's interest payments on its debt are well covered by EBIT (284.1x coverage).