Grace Fabric TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Grace Fabric TechnologyLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥936.1M, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are CN¥2.6B and CN¥1.1B respectively. Grace Fabric TechnologyLtd's EBIT is CN¥3.1M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥293.5M.
Key information
65.2%
Debt to equity ratio
CN¥936.11m
Debt
| Interest coverage ratio | 0.1x |
| Cash | CN¥293.53m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥1.13b |
| Total assets | CN¥2.57b |
Recent financial health updates
Does Grace Fabric TechnologyLtd (SHSE:603256) Have A Healthy Balance Sheet?
Oct 07
We Think Grace Fabric TechnologyLtd (SHSE:603256) Has A Fair Chunk Of Debt
Jun 26Grace Fabric TechnologyLtd (SHSE:603256) Is Making Moderate Use Of Debt
Mar 01Recent updates
Does Grace Fabric TechnologyLtd (SHSE:603256) Have A Healthy Balance Sheet?
Oct 07Subdued Growth No Barrier To Grace Fabric Technology Co.,Ltd. (SHSE:603256) With Shares Advancing 26%
Jul 05We Think Grace Fabric TechnologyLtd (SHSE:603256) Has A Fair Chunk Of Debt
Jun 26Grace Fabric Technology Co.,Ltd. (SHSE:603256) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Mar 26Grace Fabric TechnologyLtd (SHSE:603256) Is Making Moderate Use Of Debt
Mar 01Financial Position Analysis
Short Term Liabilities: 603256's short term assets (CN¥983.8M) exceed its short term liabilities (CN¥606.2M).
Long Term Liabilities: 603256's short term assets (CN¥983.8M) exceed its long term liabilities (CN¥524.9M).
Debt to Equity History and Analysis
Debt Level: 603256's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: 603256's debt to equity ratio has increased from 17.8% to 65.2% over the past 5 years.
Debt Coverage: 603256's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 603256's interest payments on its debt are not well covered by EBIT (0.1x coverage).