Zhejiang Fulai New MaterialLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Fulai New MaterialLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are CN¥3.4B and CN¥2.0B respectively. Zhejiang Fulai New MaterialLtd's EBIT is CN¥66.3M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥434.8M.
Key information
88.7%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥434.84m |
| Equity | CN¥1.40b |
| Total liabilities | CN¥2.04b |
| Total assets | CN¥3.44b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Zhejiang Fulai New MaterialLtd (SHSE:605488) Paint A Concerning Picture
Oct 24
There's No Escaping Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) Muted Earnings
Sep 27Returns On Capital At Zhejiang Fulai New MaterialLtd (SHSE:605488) Paint A Concerning Picture
Jun 03There Might Be More To Zhejiang Fulai New MaterialLtd's (SHSE:605488) Story Than Just Weak Earnings
Apr 05Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) 28% Share Price Surge Not Quite Adding Up
Apr 03Financial Position Analysis
Short Term Liabilities: 605488's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 605488's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥633.5M).
Debt to Equity History and Analysis
Debt Level: 605488's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: 605488's debt to equity ratio has increased from 16.8% to 88.7% over the past 5 years.
Debt Coverage: 605488's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605488's interest payments on its debt are well covered by EBIT (3.5x coverage).