Jiangsu Lidao New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Lidao New Materials has a total shareholder equity of CN¥1.6B and total debt of CN¥260.9M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are CN¥2.6B and CN¥954.6M respectively. Jiangsu Lidao New Materials's EBIT is CN¥4.8M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥218.3M.
Key information
16.1%
Debt to equity ratio
CN¥260.86m
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥218.35m |
| Equity | CN¥1.62b |
| Total liabilities | CN¥954.56m |
| Total assets | CN¥2.57b |
Recent financial health updates
No updates
Recent updates
Jiangsu Lidao New Materials' (SHSE:603937) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 04
Why Jiangsu Lidao New Materials' (SHSE:603937) Shaky Earnings Are Just The Beginning Of Its Problems
Apr 12Jiangsu Lidao New Materials Co., Ltd. (SHSE:603937) Stock Rockets 33% As Investors Are Less Pessimistic Than Expected
Mar 08Financial Position Analysis
Short Term Liabilities: 603937's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥569.2M).
Long Term Liabilities: 603937's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥385.4M).
Debt to Equity History and Analysis
Debt Level: 603937's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: 603937's debt to equity ratio has increased from 0.7% to 16.1% over the past 5 years.
Debt Coverage: 603937's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603937's interest payments on its debt are not well covered by EBIT (2.5x coverage).