Zhejiang Chinastars New Materials Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Chinastars New Materials Group has a total shareholder equity of CN¥1.3B and total debt of CN¥475.4M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥1.9B and CN¥659.9M respectively. Zhejiang Chinastars New Materials Group's EBIT is CN¥100.0M making its interest coverage ratio -4. It has cash and short-term investments of CN¥1.2B.
Key information
37.6%
Debt to equity ratio
CN¥475.36m
Debt
Interest coverage ratio | -4x |
Cash | CN¥1.17b |
Equity | CN¥1.26b |
Total liabilities | CN¥659.91m |
Total assets | CN¥1.92b |
Financial Position Analysis
Short Term Liabilities: 301077's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥651.8M).
Long Term Liabilities: 301077's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥8.2M).
Debt to Equity History and Analysis
Debt Level: 301077 has more cash than its total debt.
Reducing Debt: 301077's debt to equity ratio has reduced from 39.7% to 37.6% over the past 5 years.
Debt Coverage: 301077's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: 301077 earns more interest than it pays, so coverage of interest payments is not a concern.