Minfeng Special PaperLtd Balance Sheet Health
Financial Health criteria checks 3/6
Minfeng Special PaperLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are CN¥2.9B and CN¥1.4B respectively. Minfeng Special PaperLtd's EBIT is CN¥83.6M making its interest coverage ratio 9.8. It has cash and short-term investments of CN¥216.6M.
Key information
82.4%
Debt to equity ratio
CN¥1.23b
Debt
| Interest coverage ratio | 9.8x |
| Cash | CN¥216.64m |
| Equity | CN¥1.49b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥2.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600235's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥838.4M).
Long Term Liabilities: 600235's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥546.6M).
Debt to Equity History and Analysis
Debt Level: 600235's net debt to equity ratio (67.9%) is considered high.
Reducing Debt: 600235's debt to equity ratio has increased from 45% to 82.4% over the past 5 years.
Debt Coverage: 600235's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 600235's interest payments on its debt are well covered by EBIT (9.8x coverage).