Shaanxi Sirui Advanced Materials Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Sirui Advanced Materials has a total shareholder equity of CN¥1.1B and total debt of CN¥532.4M, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are CN¥1.9B and CN¥781.2M respectively. Shaanxi Sirui Advanced Materials's EBIT is CN¥105.4M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥164.6M.
Key information
48.7%
Debt to equity ratio
CN¥532.43m
Debt
Interest coverage ratio | 9.6x |
Cash | CN¥164.61m |
Equity | CN¥1.09b |
Total liabilities | CN¥781.15m |
Total assets | CN¥1.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688102's short term assets (CN¥817.8M) exceed its short term liabilities (CN¥494.1M).
Long Term Liabilities: 688102's short term assets (CN¥817.8M) exceed its long term liabilities (CN¥287.0M).
Debt to Equity History and Analysis
Debt Level: 688102's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 688102's debt to equity ratio has reduced from 68% to 48.7% over the past 5 years.
Debt Coverage: 688102's debt is well covered by operating cash flow (26.2%).
Interest Coverage: 688102's interest payments on its debt are well covered by EBIT (9.6x coverage).