Shandong Fiberglass Group Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Fiberglass Group has a total shareholder equity of CN¥2.7B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 90.1%. Its total assets and total liabilities are CN¥6.8B and CN¥4.1B respectively.
Key information
90.1%
Debt to equity ratio
CN¥2.44b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.24b |
| Equity | CN¥2.71b |
| Total liabilities | CN¥4.10b |
| Total assets | CN¥6.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605006's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥2.3B).
Long Term Liabilities: 605006's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 605006's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 605006's debt to equity ratio has reduced from 147.6% to 90.1% over the past 5 years.
Debt Coverage: 605006's debt is well covered by operating cash flow (20.5%).
Interest Coverage: Insufficient data to determine if 605006's interest payments on its debt are well covered by EBIT.