Nanjing Chemical Fiber Balance Sheet Health
Financial Health criteria checks 3/6
Nanjing Chemical Fiber has a total shareholder equity of CN¥712.8M and total debt of CN¥399.9M, which brings its debt-to-equity ratio to 56.1%. Its total assets and total liabilities are CN¥1.7B and CN¥1.0B respectively.
Key information
56.1%
Debt to equity ratio
CN¥399.89m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥73.01m |
| Equity | CN¥712.82m |
| Total liabilities | CN¥1.03b |
| Total assets | CN¥1.75b |
Recent financial health updates
No updates
Recent updates
Nanjing Chemical Fiber Co., Ltd. (SHSE:600889) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jan 05
Nanjing Chemical Fiber Co., Ltd.'s (SHSE:600889) 31% Price Boost Is Out Of Tune With Revenues
Nov 20Nanjing Chemical Fiber Co., Ltd.'s (SHSE:600889) Price Is Out Of Tune With Revenues
Oct 01Some Nanjing Chemical Fiber Co., Ltd. (SHSE:600889) Shareholders Look For Exit As Shares Take 29% Pounding
Jun 16Some Confidence Is Lacking In Nanjing Chemical Fiber Co., Ltd. (SHSE:600889) As Shares Slide 26%
Apr 22Nanjing Chemical Fiber Co., Ltd.'s (SHSE:600889) Shares May Have Run Too Fast Too Soon
Feb 27Financial Position Analysis
Short Term Liabilities: 600889's short term assets (CN¥519.3M) do not cover its short term liabilities (CN¥656.4M).
Long Term Liabilities: 600889's short term assets (CN¥519.3M) exceed its long term liabilities (CN¥376.8M).
Debt to Equity History and Analysis
Debt Level: 600889's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: 600889's debt to equity ratio has increased from 0% to 56.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 600889 has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 600889 is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 15:52 |
| End of Day Share Price | 2025/01/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nanjing Chemical Fiber Co., Ltd. is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xi Xin Wang | Everbright Securities Co. Ltd. |
| null null | Great Wall Securities Co., Ltd. |
| Guo Gao | Huatai Research |