Jiangsu Lidao New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Lidao New Materials has a total shareholder equity of CN¥1.6B and total debt of CN¥255.3M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥2.6B and CN¥1.0B respectively. Jiangsu Lidao New Materials's EBIT is CN¥57.6M making its interest coverage ratio -13.8. It has cash and short-term investments of CN¥361.4M.
Key information
15.5%
Debt to equity ratio
CN¥255.26m
Debt
Interest coverage ratio | -13.8x |
Cash | CN¥361.42m |
Equity | CN¥1.64b |
Total liabilities | CN¥1.00b |
Total assets | CN¥2.65b |
Financial Position Analysis
Short Term Liabilities: 603937's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥625.3M).
Long Term Liabilities: 603937's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥379.4M).
Debt to Equity History and Analysis
Debt Level: 603937 has more cash than its total debt.
Reducing Debt: 603937's debt to equity ratio has increased from 0.7% to 15.5% over the past 5 years.
Debt Coverage: 603937's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603937 earns more interest than it pays, so coverage of interest payments is not a concern.