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¥460.0M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are CN¥1.9B and CN¥663.5M respectively. Zhejiang Chinastars New Materials Group's EBIT is CN¥134.6M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥1.2B.
Key information
36.2%
Debt to equity ratio
CN¥460.01m
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥1.18b |
| Equity | CN¥1.27b |
| Total liabilities | CN¥663.54m |
| Total assets | CN¥1.93b |
Recent financial health updates
No updates
Recent updates
Zhejiang Chinastars New Materials Group Co., Ltd. (SZSE:301077) Shares Fly 38% But Investors Aren't Buying For Growth
Oct 23
The Returns On Capital At Zhejiang Chinastars New Materials Group (SZSE:301077) Don't Inspire Confidence
Jun 07Zhejiang Chinastars New Materials Group (SZSE:301077) Is Reducing Its Dividend To CN¥0.567
May 10Concerns Surrounding Zhejiang Chinastars New Materials Group's (SZSE:301077) Performance
May 03Zhejiang Chinastars New Materials Group Co., Ltd. (SZSE:301077) Shares Fly 29% But Investors Aren't Buying For Growth
Apr 29Zhejiang Chinastars New Materials Group (SZSE:301077) Will Be Hoping To Turn Its Returns On Capital Around
Mar 06Financial Position Analysis
Short Term Liabilities: 301077's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥656.3M).
Long Term Liabilities: 301077's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥7.2M).
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 increased from 30.4% to 36.2% over the past 5 years.
Debt Coverage: 301077's debt is well covered by operating cash flow (36.9%).
Interest Coverage: 301077 earns more interest than it pays, so coverage of interest payments is not a concern.