Wuxi JinYang New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi JinYang New Materials has a total shareholder equity of CN¥2.0B and total debt of CN¥66.4M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CN¥2.4B and CN¥448.2M respectively. Wuxi JinYang New Materials's EBIT is CN¥36.7M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥150.1M.
Key information
3.4%
Debt to equity ratio
CN¥66.43m
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥150.14m |
| Equity | CN¥1.97b |
| Total liabilities | CN¥448.16m |
| Total assets | CN¥2.42b |
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¥407.1M).
Long Term Liabilities: 301210's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥41.0M).
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 81.1% to 3.4% over the past 5 years.
Debt Coverage: 301210's debt is well covered by operating cash flow (191.4%).
Interest Coverage: 301210 earns more interest than it pays, so coverage of interest payments is not a concern.