Yueyang Forest & Paper Balance Sheet Health
Financial Health criteria checks 5/6
Yueyang Forest & Paper has a total shareholder equity of CN¥8.6B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are CN¥15.8B and CN¥7.2B respectively. Yueyang Forest & Paper's EBIT is CN¥32.2M making its interest coverage ratio -12.4. It has cash and short-term investments of CN¥884.0M.
Key information
56.2%
Debt to equity ratio
CN¥4.82b
Debt
Interest coverage ratio | -12.4x |
Cash | CN¥884.03m |
Equity | CN¥8.58b |
Total liabilities | CN¥7.17b |
Total assets | CN¥15.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600963's short term assets (CN¥9.7B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600963's short term assets (CN¥9.7B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 600963's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: 600963's debt to equity ratio has reduced from 59.2% to 56.2% over the past 5 years.
Debt Coverage: 600963's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 600963 earns more interest than it pays, so coverage of interest payments is not a concern.