Jiangxi Hungpai New Material Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Hungpai New Material has a total shareholder equity of CN¥2.0B and total debt of CN¥813.1M, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are CN¥3.1B and CN¥1.1B respectively. Jiangxi Hungpai New Material's EBIT is CN¥76.5M making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥340.0M.
Key information
41.3%
Debt to equity ratio
CN¥813.08m
Debt
Interest coverage ratio | 4.1x |
Cash | CN¥339.96m |
Equity | CN¥1.97b |
Total liabilities | CN¥1.14b |
Total assets | CN¥3.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605366's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥439.7M).
Long Term Liabilities: 605366's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥699.9M).
Debt to Equity History and Analysis
Debt Level: 605366's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: 605366's debt to equity ratio has increased from 28.7% to 41.3% over the past 5 years.
Debt Coverage: 605366's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 605366's interest payments on its debt are well covered by EBIT (4.1x coverage).