Sanxiang Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sanxiang Advanced Materials has a total shareholder equity of CN¥1.4B and total debt of CN¥447.9M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are CN¥2.2B and CN¥770.7M respectively. Sanxiang Advanced Materials's EBIT is CN¥79.0M making its interest coverage ratio 9.3. It has cash and short-term investments of CN¥84.6M.
Key information
32.1%
Debt to equity ratio
CN¥447.86m
Debt
| Interest coverage ratio | 9.3x |
| Cash | CN¥84.56m |
| Equity | CN¥1.39b |
| Total liabilities | CN¥770.66m |
| Total assets | CN¥2.17b |
Recent financial health updates
Sanxiang Advanced Materials (SHSE:603663) Has A Somewhat Strained Balance Sheet
Oct 22
Is Sanxiang Advanced Materials (SHSE:603663) A Risky Investment?
Jun 04We Think Sanxiang Advanced Materials (SHSE:603663) Can Stay On Top Of Its Debt
Feb 28Recent updates
Sanxiang Advanced Materials Co., Ltd. (SHSE:603663) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable
Nov 11Sanxiang Advanced Materials (SHSE:603663) Has A Somewhat Strained Balance Sheet
Oct 22Sanxiang Advanced Materials Co., Ltd.'s (SHSE:603663) Earnings Haven't Escaped The Attention Of Investors
Sep 27Some Investors May Be Willing To Look Past Sanxiang Advanced Materials' (SHSE:603663) Soft Earnings
Aug 30Sanxiang Advanced Materials Co., Ltd.'s (SHSE:603663) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jun 09Is Sanxiang Advanced Materials (SHSE:603663) A Risky Investment?
Jun 04Subdued Growth No Barrier To Sanxiang Advanced Materials Co., Ltd. (SHSE:603663) With Shares Advancing 48%
Apr 23Capital 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¥917.8M) exceed its short term liabilities (CN¥731.8M).
Long Term Liabilities: 603663's short term assets (CN¥917.8M) exceed its long term liabilities (CN¥38.9M).
Debt to Equity History and Analysis
Debt Level: 603663's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 603663's debt to equity ratio has reduced from 45.1% to 32.1% over the past 5 years.
Debt Coverage: 603663's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 603663's interest payments on its debt are well covered by EBIT (9.3x coverage).