Kangxin New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Kangxin New Materials has a total shareholder equity of CN¥4.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are CN¥7.0B and CN¥2.7B respectively.
Key information
26.7%
Debt to equity ratio
CN¥1.16b
Debt
Interest coverage ratio | n/a |
Cash | CN¥208.41m |
Equity | CN¥4.35b |
Total liabilities | CN¥2.68b |
Total assets | CN¥7.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600076's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600076's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥841.1M).
Debt to Equity History and Analysis
Debt Level: 600076's net debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: 600076's debt to equity ratio has increased from 26.6% to 26.7% over the past 5 years.
Debt Coverage: 600076's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600076's interest payments on its debt are well covered by EBIT.