Wuxi JinYang New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi JinYang New Materials has a total shareholder equity of CN¥1.9B and total debt of CN¥29.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥2.3B and CN¥313.2M respectively. Wuxi JinYang New Materials's EBIT is CN¥80.5M making its interest coverage ratio 13.2. It has cash and short-term investments of CN¥133.9M.
Key information
1.5%
Debt to equity ratio
CN¥29.00m
Debt
Interest coverage ratio | 13.2x |
Cash | CN¥133.91m |
Equity | CN¥1.95b |
Total liabilities | CN¥313.23m |
Total assets | CN¥2.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301210's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥302.1M).
Long Term Liabilities: 301210's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥11.1M).
Debt to Equity History and Analysis
Debt Level: 301210 has more cash than its total debt.
Reducing Debt: 301210's debt to equity ratio has reduced from 71.9% to 1.5% over the past 5 years.
Debt Coverage: 301210's debt is well covered by operating cash flow (61%).
Interest Coverage: 301210's interest payments on its debt are well covered by EBIT (13.2x coverage).