GuangDong Suqun New MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
GuangDong Suqun New MaterialLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥7.4M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥1.2B and CN¥215.2M respectively. GuangDong Suqun New MaterialLtd's EBIT is CN¥55.0M making its interest coverage ratio -163.5. It has cash and short-term investments of CN¥459.7M.
Key information
0.7%
Debt to equity ratio
CN¥7.39m
Debt
Interest coverage ratio | -163.5x |
Cash | CN¥459.69m |
Equity | CN¥1.01b |
Total liabilities | CN¥215.21m |
Total assets | CN¥1.22b |
Financial Position Analysis
Short Term Liabilities: 301489's short term assets (CN¥769.3M) exceed its short term liabilities (CN¥195.2M).
Long Term Liabilities: 301489's short term assets (CN¥769.3M) exceed its long term liabilities (CN¥20.0M).
Debt to Equity History and Analysis
Debt Level: 301489 has more cash than its total debt.
Reducing Debt: 301489's debt to equity ratio has reduced from 7.6% to 0.7% over the past 5 years.
Debt Coverage: 301489's debt is well covered by operating cash flow (944.6%).
Interest Coverage: 301489 earns more interest than it pays, so coverage of interest payments is not a concern.