Jiangsu Boqian New Materials Stock Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Boqian New Materials Stock has a total shareholder equity of CN¥1.6B and total debt of CN¥110.1M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥1.9B and CN¥332.1M respectively. Jiangsu Boqian New Materials Stock's EBIT is CN¥7.4M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥198.3M.
Key information
6.9%
Debt to equity ratio
CN¥110.09m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥198.35m |
| Equity | CN¥1.59b |
| Total liabilities | CN¥332.12m |
| Total assets | CN¥1.92b |
Recent financial health updates
Recent updates
Here's Why Jiangsu Boqian New Materials Stock (SHSE:605376) Can Afford Some Debt
Jun 05
Why Investors Shouldn't Be Surprised By Jiangsu Boqian New Materials Stock Co., Ltd.'s (SHSE:605376) 25% Share Price Surge
Apr 30Investors Interested In Jiangsu Boqian New Materials Stock Co., Ltd.'s (SHSE:605376) Revenues
Feb 27Financial Position Analysis
Short Term Liabilities: 605376's short term assets (CN¥793.7M) exceed its short term liabilities (CN¥265.6M).
Long Term Liabilities: 605376's short term assets (CN¥793.7M) exceed its long term liabilities (CN¥66.5M).
Debt to Equity History and Analysis
Debt Level: 605376 has more cash than its total debt.
Reducing Debt: 605376's debt to equity ratio has reduced from 13.1% to 6.9% over the past 5 years.
Debt Coverage: 605376's debt is well covered by operating cash flow (277.7%).
Interest Coverage: 605376's interest payments on its debt are not well covered by EBIT (1.9x coverage).