Xiamen Yanjan New Material Balance Sheet Health
Financial Health criteria checks 3/6
Xiamen Yanjan New Material has a total shareholder equity of CN¥1.4B and total debt of CN¥998.1M, which brings its debt-to-equity ratio to 71.6%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Xiamen Yanjan New Material's EBIT is CN¥46.4M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥406.9M.
Key information
71.6%
Debt to equity ratio
CN¥998.06m
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥406.86m |
Equity | CN¥1.39b |
Total liabilities | CN¥1.31b |
Total assets | CN¥2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300658's short term assets (CN¥968.5M) exceed its short term liabilities (CN¥885.8M).
Long Term Liabilities: 300658's short term assets (CN¥968.5M) exceed its long term liabilities (CN¥425.2M).
Debt to Equity History and Analysis
Debt Level: 300658's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: 300658's debt to equity ratio has increased from 38% to 71.6% over the past 5 years.
Debt Coverage: 300658's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 300658's interest payments on its debt are not well covered by EBIT (1.7x coverage).