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¥950.5M, which brings its debt-to-equity ratio to 67%. Its total assets and total liabilities are CN¥2.6B and CN¥1.1B respectively.
Key information
67.0%
Debt to equity ratio
CN¥950.50m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥243.29m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥1.14b |
| Total assets | CN¥2.56b |
Recent financial health updates
We Think Grace Fabric TechnologyLtd (SHSE:603256) Has A Fair Chunk Of Debt
Jun 26
Grace Fabric TechnologyLtd (SHSE:603256) Is Making Moderate Use Of Debt
Mar 01Recent updates
Subdued 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¥920.3M) exceed its short term liabilities (CN¥602.8M).
Long Term Liabilities: 603256's short term assets (CN¥920.3M) exceed its long term liabilities (CN¥541.4M).
Debt to Equity History and Analysis
Debt Level: 603256's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: 603256's debt to equity ratio has increased from 13.3% to 67% over the past 5 years.
Debt Coverage: 603256's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603256's interest payments on its debt are well covered by EBIT.