Jiangxi Chenguang New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Jiangxi Chenguang New Materials has a total shareholder equity of CN¥2.2B and total debt of CN¥353.6M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively.
Key information
16.0%
Debt to equity ratio
CN¥353.57m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥545.13m |
| Equity | CN¥2.21b |
| Total liabilities | CN¥1.09b |
| Total assets | CN¥3.30b |
Recent financial health updates
Recent updates
Why Jiangxi Chenguang New Materials' (SHSE:605399) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 07
Is Jiangxi Chenguang New Materials (SHSE:605399) Using Debt In A Risky Way?
Oct 01Earnings Troubles May Signal Larger Issues for Jiangxi Chenguang New Materials (SHSE:605399) Shareholders
May 03Jiangxi Chenguang New Materials Company Limited's (SHSE:605399) P/S Is Still On The Mark Following 28% Share Price Bounce
Mar 06Financial Position Analysis
Short Term Liabilities: 605399's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥638.4M).
Long Term Liabilities: 605399's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥453.9M).
Debt to Equity History and Analysis
Debt Level: 605399 has more cash than its total debt.
Reducing Debt: 605399's debt to equity ratio has increased from 7.1% to 16% over the past 5 years.
Debt Coverage: 605399's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: Insufficient data to determine if 605399's interest payments on its debt are well covered by EBIT.