Jiangsu Boqian New Materials Stock Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Boqian New Materials Stock has a total shareholder equity of CN¥1.6B and total debt of CN¥194.9M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥2.0B and CN¥357.0M respectively. Jiangsu Boqian New Materials Stock's EBIT is CN¥16.9M making its interest coverage ratio 10.6. It has cash and short-term investments of CN¥103.1M.
Key information
12.2%
Debt to equity ratio
CN¥194.86m
Debt
| Interest coverage ratio | 10.6x |
| Cash | CN¥103.07m |
| Equity | CN¥1.59b |
| Total liabilities | CN¥357.00m |
| Total assets | CN¥1.95b |
Financial Position Analysis
Short Term Liabilities: 605376's short term assets (CN¥805.8M) exceed its short term liabilities (CN¥314.2M).
Long Term Liabilities: 605376's short term assets (CN¥805.8M) exceed its long term liabilities (CN¥42.8M).
Debt to Equity History and Analysis
Debt Level: 605376's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 605376's debt to equity ratio has reduced from 15.7% to 12.2% over the past 5 years.
Debt Coverage: 605376's debt is well covered by operating cash flow (68.3%).
Interest Coverage: 605376's interest payments on its debt are well covered by EBIT (10.6x coverage).