Jiangsu Dingsheng New Materials Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Dingsheng New Materials has a total shareholder equity of CN¥6.6B and total debt of CN¥7.1B, which brings its debt-to-equity ratio to 108%. Its total assets and total liabilities are CN¥23.6B and CN¥17.0B respectively. Jiangsu Dingsheng New Materials's EBIT is CN¥490.6M making its interest coverage ratio 29.1. It has cash and short-term investments of CN¥6.8B.
Key information
108.0%
Debt to equity ratio
CN¥7.11b
Debt
| Interest coverage ratio | 29.1x |
| Cash | CN¥6.76b |
| Equity | CN¥6.59b |
| Total liabilities | CN¥16.97b |
| Total assets | CN¥23.55b |
Recent financial health updates
Recent updates
Jiangsu Dingsheng New Materials Ltd (SHSE:603876) Takes On Some Risk With Its Use Of Debt
Jun 17
Capital Allocation Trends At Jiangsu Dingsheng New Materials Ltd (SHSE:603876) Aren't Ideal
May 10Benign Growth For Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd (SHSE:603876) Underpins Its Share Price
Feb 27Financial Position Analysis
Short Term Liabilities: 603876's short term assets (CN¥15.4B) exceed its short term liabilities (CN¥13.8B).
Long Term Liabilities: 603876's short term assets (CN¥15.4B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 603876's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 603876's debt to equity ratio has reduced from 123% to 108% over the past 5 years.
Debt Coverage: 603876's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: 603876's interest payments on its debt are well covered by EBIT (29.1x coverage).