Yangzhou Seashine New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Yangzhou Seashine New MaterialsLtd has a total shareholder equity of CN¥835.4M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥897.8M and CN¥62.4M respectively. Yangzhou Seashine New MaterialsLtd's EBIT is CN¥31.2M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥558.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.8x |
| Cash | CN¥558.27m |
| Equity | CN¥835.37m |
| Total liabilities | CN¥62.43m |
| Total assets | CN¥897.81m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300885's short term assets (CN¥712.6M) exceed its short term liabilities (CN¥61.4M).
Long Term Liabilities: 300885's short term assets (CN¥712.6M) exceed its long term liabilities (CN¥1.0M).
Debt to Equity History and Analysis
Debt Level: 300885 is debt free.
Reducing Debt: 300885 has not had any debt for past 5 years.
Debt Coverage: 300885 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 300885 has no debt, therefore coverage of interest payments is not a concern.