Cangzhou Mingzhu PlasticLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cangzhou Mingzhu PlasticLtd has a total shareholder equity of CN¥5.2B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are CN¥7.1B and CN¥1.9B respectively. Cangzhou Mingzhu PlasticLtd's EBIT is CN¥120.6M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥702.6M.
Key information
22.0%
Debt to equity ratio
CN¥1.14b
Debt
Interest coverage ratio | -1.4x |
Cash | CN¥702.58m |
Equity | CN¥5.20b |
Total liabilities | CN¥1.93b |
Total assets | CN¥7.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002108's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002108's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥898.5M).
Debt to Equity History and Analysis
Debt Level: 002108's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 002108's debt to equity ratio has reduced from 26.8% to 22% over the past 5 years.
Debt Coverage: 002108's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 002108 earns more interest than it pays, so coverage of interest payments is not a concern.