Cangzhou Mingzhu PlasticLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cangzhou Mingzhu PlasticLtd has a total shareholder equity of CN¥5.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are CN¥7.1B and CN¥2.0B respectively. Cangzhou Mingzhu PlasticLtd's EBIT is CN¥195.5M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥801.0M.
Key information
21.0%
Debt to equity ratio
CN¥1.08b
Debt
Interest coverage ratio | -2.1x |
Cash | CN¥801.00m |
Equity | CN¥5.12b |
Total liabilities | CN¥1.99b |
Total assets | CN¥7.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002108's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002108's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥900.7M).
Debt to Equity History and Analysis
Debt Level: 002108's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: 002108's debt to equity ratio has reduced from 30.6% to 21% over the past 5 years.
Debt Coverage: 002108's debt is well covered by operating cash flow (32%).
Interest Coverage: 002108 earns more interest than it pays, so coverage of interest payments is not a concern.