Sanxiang Advanced Materials Balance Sheet Health
Financial Health criteria checks 4/6
Sanxiang Advanced Materials has a total shareholder equity of CN¥1.4B and total debt of CN¥411.2M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥2.1B and CN¥741.4M respectively. Sanxiang Advanced Materials's EBIT is CN¥79.4M making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥116.7M.
Key information
30.1%
Debt to equity ratio
CN¥411.19m
Debt
| Interest coverage ratio | 9.2x |
| Cash | CN¥116.74m |
| Equity | CN¥1.37b |
| Total liabilities | CN¥741.37m |
| Total assets | CN¥2.11b |
Recent financial health updates
Recent updates
Subdued Growth No Barrier To Sanxiang Advanced Materials Co., Ltd. (SHSE:603663) With Shares Advancing 48%
Apr 23
Capital Allocation Trends At Sanxiang Advanced Materials (SHSE:603663) Aren't Ideal
Mar 27There's Reason For Concern Over Sanxiang Advanced Materials Co., Ltd.'s (SHSE:603663) Massive 31% Price Jump
Mar 06We Think Sanxiang Advanced Materials (SHSE:603663) Can Stay On Top Of Its Debt
Feb 28Financial Position Analysis
Short Term Liabilities: 603663's short term assets (CN¥906.2M) exceed its short term liabilities (CN¥689.5M).
Long Term Liabilities: 603663's short term assets (CN¥906.2M) exceed its long term liabilities (CN¥51.9M).
Debt to Equity History and Analysis
Debt Level: 603663's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: 603663's debt to equity ratio has increased from 16.4% to 30.1% over the past 5 years.
Debt Coverage: 603663's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 603663's interest payments on its debt are well covered by EBIT (9.2x coverage).