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¥720.6M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are CN¥4.2B and CN¥1.9B respectively. Chongqing Sifang New Material's EBIT is CN¥62.5M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥323.3M.
Key information
32.4%
Debt to equity ratio
CN¥720.56m
Debt
| Interest coverage ratio | 2.6x |
| Cash | CN¥323.29m |
| Equity | CN¥2.22b |
| Total liabilities | CN¥1.93b |
| Total assets | CN¥4.15b |
Recent financial health updates
No updates
Recent updates
The Market Lifts Chongqing Sifang New Material Co., Ltd. (SHSE:605122) Shares 43% But It Can Do More
Oct 16
Be Wary Of Chongqing Sifang New Material (SHSE:605122) And Its Returns On Capital
Aug 22Chongqing Sifang New Material Co., Ltd.'s (SHSE:605122) Shares Not Telling The Full Story
Jun 05Chongqing Sifang New Material Co., Ltd.'s (SHSE:605122) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors
Feb 27Financial Position Analysis
Short Term Liabilities: 605122's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 605122's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥309.5M).
Debt to Equity History and Analysis
Debt Level: 605122's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: 605122's debt to equity ratio has reduced from 53.9% to 32.4% 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 (2.6x coverage).