Asian Star Anchor Chain Jiangsu Balance Sheet Health
Financial Health criteria checks 5/6
Asian Star Anchor Chain Jiangsu has a total shareholder equity of CN¥3.7B and total debt of CN¥691.6M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are CN¥5.1B and CN¥1.4B respectively. Asian Star Anchor Chain Jiangsu's EBIT is CN¥227.3M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥2.6B.
Key information
18.6%
Debt to equity ratio
CN¥691.56m
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥2.58b |
| Equity | CN¥3.72b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥5.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601890's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥885.3M).
Long Term Liabilities: 601890's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥514.2M).
Debt to Equity History and Analysis
Debt Level: 601890 has more cash than its total debt.
Reducing Debt: 601890's debt to equity ratio has increased from 10% to 18.6% over the past 5 years.
Debt Coverage: 601890's debt is well covered by operating cash flow (27%).
Interest Coverage: 601890 earns more interest than it pays, so coverage of interest payments is not a concern.