Jiangsu Sanfame Polyester MaterialLtd Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu Sanfame Polyester MaterialLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 122.5%. Its total assets and total liabilities are CN¥18.4B and CN¥12.1B respectively.
Key information
122.5%
Debt to equity ratio
CN¥7.67b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.32b |
| Equity | CN¥6.27b |
| Total liabilities | CN¥12.09b |
| Total assets | CN¥18.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600370's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥7.2B).
Long Term Liabilities: 600370's short term assets (CN¥11.0B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 600370's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: 600370's debt to equity ratio has increased from 0% to 122.5% over the past 5 years.
Debt Coverage: 600370's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600370's interest payments on its debt are well covered by EBIT.