Shenzhen SunXing Light Alloys MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen SunXing Light Alloys MaterialsLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 108.9%. Its total assets and total liabilities are CN¥3.8B and CN¥2.2B respectively.
Key information
108.9%
Debt to equity ratio
CN¥1.69b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥359.34m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥2.20b |
| Total assets | CN¥3.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603978's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603978's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603978's net debt to equity ratio (85.8%) is considered high.
Reducing Debt: 603978's debt to equity ratio has increased from 9.1% to 108.9% over the past 5 years.
Debt Coverage: 603978's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603978's interest payments on its debt are well covered by EBIT.