Cangzhou Mingzhu PlasticLtd Balance Sheet Health
Financial Health criteria checks 4/6
Cangzhou Mingzhu PlasticLtd has a total shareholder equity of CN¥5.1B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are CN¥7.4B and CN¥2.3B respectively. Cangzhou Mingzhu PlasticLtd's EBIT is CN¥49.8M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥637.0M.
Key information
28.4%
Debt to equity ratio
CN¥1.44b
Debt
| Interest coverage ratio | -0.7x |
| Cash | CN¥636.96m |
| Equity | CN¥5.08b |
| Total liabilities | CN¥2.32b |
| Total assets | CN¥7.40b |
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¥1.3B).
Long Term Liabilities: 002108's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002108's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: 002108's debt to equity ratio has increased from 27.3% to 28.4% over the past 5 years.
Debt Coverage: 002108's debt is not well covered by operating cash flow (1.1%).
Interest Coverage: 002108 earns more interest than it pays, so coverage of interest payments is not a concern.