Jiangxi Chenguang New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Chenguang New Materials has a total shareholder equity of CN¥2.2B and total debt of CN¥298.4M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively. Jiangxi Chenguang New Materials's EBIT is CN¥53.5M making its interest coverage ratio -76.6. It has cash and short-term investments of CN¥1.3B.
Key information
13.5%
Debt to equity ratio
CN¥298.38m
Debt
Interest coverage ratio | -76.6x |
Cash | CN¥1.29b |
Equity | CN¥2.21b |
Total liabilities | CN¥1.06b |
Total assets | CN¥3.27b |
Financial Position Analysis
Short Term Liabilities: 605399's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥714.8M).
Long Term Liabilities: 605399's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥346.9M).
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 8.2% to 13.5% over the past 5 years.
Debt Coverage: 605399's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 605399 earns more interest than it pays, so coverage of interest payments is not a concern.