Yibin Paper Industry Balance Sheet Health
Financial Health criteria checks 2/6
Yibin Paper Industry has a total shareholder equity of CN¥625.5M and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 252.9%. Its total assets and total liabilities are CN¥2.7B and CN¥2.1B respectively. Yibin Paper Industry's EBIT is CN¥19.5M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥74.7M.
Key information
252.9%
Debt to equity ratio
CN¥1.58b
Debt
Interest coverage ratio | 0.3x |
Cash | CN¥74.66m |
Equity | CN¥625.45m |
Total liabilities | CN¥2.10b |
Total assets | CN¥2.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600793's short term assets (CN¥658.4M) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600793's short term assets (CN¥658.4M) exceed its long term liabilities (CN¥161.2M).
Debt to Equity History and Analysis
Debt Level: 600793's net debt to equity ratio (240.9%) is considered high.
Reducing Debt: 600793's debt to equity ratio has reduced from 721.3% to 252.9% over the past 5 years.
Debt Coverage: 600793's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: 600793's interest payments on its debt are not well covered by EBIT (0.3x coverage).