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¥932.4M, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are CN¥2.6B and CN¥1.1B respectively. Minfeng Special PaperLtd's EBIT is CN¥83.8M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥188.7M.
Key information
62.9%
Debt to equity ratio
CN¥932.38m
Debt
Interest coverage ratio | 6.1x |
Cash | CN¥188.74m |
Equity | CN¥1.48b |
Total liabilities | CN¥1.08b |
Total assets | CN¥2.56b |
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¥854.5M).
Long Term Liabilities: 600235's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥227.4M).
Debt to Equity History and Analysis
Debt Level: 600235's net debt to equity ratio (50.2%) is considered high.
Reducing Debt: 600235's debt to equity ratio has increased from 48.8% to 62.9% over the past 5 years.
Debt Coverage: 600235's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 600235's interest payments on its debt are well covered by EBIT (6.1x coverage).