Baotailong New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Baotailong New Materials has a total shareholder equity of CN¥6.6B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are CN¥12.2B and CN¥5.6B respectively.
Key information
45.1%
Debt to equity ratio
CN¥2.98b
Debt
Interest coverage ratio | n/a |
Cash | CN¥287.41m |
Equity | CN¥6.60b |
Total liabilities | CN¥5.60b |
Total assets | CN¥12.20b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601011's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥4.4B).
Long Term Liabilities: 601011's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 601011's net debt to equity ratio (40.7%) is considered high.
Reducing Debt: 601011's debt to equity ratio has increased from 27.4% to 45.1% over the past 5 years.
Debt Coverage: 601011's debt is well covered by operating cash flow (23.7%).
Interest Coverage: Insufficient data to determine if 601011's interest payments on its debt are well covered by EBIT.