Zhejiang Fulai New MaterialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Fulai New MaterialLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥975.6M, which brings its debt-to-equity ratio to 69.8%. Its total assets and total liabilities are CN¥3.1B and CN¥1.7B respectively. Zhejiang Fulai New MaterialLtd's EBIT is CN¥62.6M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥485.7M.
Key information
69.8%
Debt to equity ratio
CN¥975.61m
Debt
Interest coverage ratio | 6.8x |
Cash | CN¥485.72m |
Equity | CN¥1.40b |
Total liabilities | CN¥1.69b |
Total assets | CN¥3.09b |
Recent financial health updates
No updates
Recent updates
Returns 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¥1.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 605488's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥542.5M).
Debt to Equity History and Analysis
Debt Level: 605488's net debt to equity ratio (35.1%) is considered satisfactory.
Reducing Debt: 605488's debt to equity ratio has increased from 25.9% to 69.8% over the past 5 years.
Debt Coverage: 605488's debt is not well covered by operating cash flow (5%).
Interest Coverage: 605488's interest payments on its debt are well covered by EBIT (6.8x coverage).