Chongqing Sifang New Material Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Sifang New Material has a total shareholder equity of CN¥2.2B and total debt of CN¥793.7M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are CN¥4.4B and CN¥2.1B respectively. Chongqing Sifang New Material's EBIT is CN¥72.1M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥442.3M.
Key information
35.5%
Debt to equity ratio
CN¥793.72m
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥442.34m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥2.13b |
| Total assets | CN¥4.36b |
Financial Position Analysis
Short Term Liabilities: 605122's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 605122's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥403.9M).
Debt to Equity History and Analysis
Debt Level: 605122's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 605122's debt to equity ratio has reduced from 65.5% to 35.5% over the past 5 years.
Debt Coverage: 605122's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605122's interest payments on its debt are not well covered by EBIT (2.3x coverage).