Yantai Zhenghai Magnetic Material Co., Ltd.

XSEC:300224 Stock Report

Market Cap: CN¥10.7b

Yantai Zhenghai Magnetic Material Balance Sheet Health

Financial Health criteria checks 5/6

Yantai Zhenghai Magnetic Material has a total shareholder equity of CN¥3.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥8.0B and CN¥4.1B respectively. Yantai Zhenghai Magnetic Material's EBIT is CN¥335.3M making its interest coverage ratio 15.1. It has cash and short-term investments of CN¥1.9B.

Key information

31.8%

Debt to equity ratio

CN¥1.24b

Debt

Interest coverage ratio15.1x
CashCN¥1.94b
EquityCN¥3.90b
Total liabilitiesCN¥4.09b
Total assetsCN¥7.99b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 300224's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥2.8B).

Long Term Liabilities: 300224's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 300224 has more cash than its total debt.

Reducing Debt: 300224's debt to equity ratio has increased from 0.7% to 31.8% over the past 5 years.

Debt Coverage: 300224's debt is well covered by operating cash flow (64.7%).

Interest Coverage: 300224's interest payments on its debt are well covered by EBIT (15.1x coverage).


Balance Sheet


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