Ningbo Changhong Polymer Scientific and Technical Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Changhong Polymer Scientific and Technical has a total shareholder equity of CN¥2.1B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are CN¥4.4B and CN¥2.3B respectively. Ningbo Changhong Polymer Scientific and Technical's EBIT is CN¥7.7M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥297.3M.
Key information
80.8%
Debt to equity ratio
CN¥1.70b
Debt
Interest coverage ratio | 0.1x |
Cash | CN¥297.33m |
Equity | CN¥2.10b |
Total liabilities | CN¥2.30b |
Total assets | CN¥4.40b |
Financial Position Analysis
Short Term Liabilities: 605008's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 605008's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥607.0M).
Debt to Equity History and Analysis
Debt Level: 605008's net debt to equity ratio (66.6%) is considered high.
Reducing Debt: 605008's debt to equity ratio has increased from 10.5% to 80.8% over the past 5 years.
Debt Coverage: 605008's debt is well covered by operating cash flow (31%).
Interest Coverage: 605008's interest payments on its debt are not well covered by EBIT (0.1x coverage).