Shaanxi Sirui Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Sirui Advanced Materials has a total shareholder equity of CN¥1.1B and total debt of CN¥651.1M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are CN¥2.0B and CN¥892.0M respectively. Shaanxi Sirui Advanced Materials's EBIT is CN¥116.6M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥97.9M.
Key information
58.3%
Debt to equity ratio
CN¥651.06m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥97.87m |
| Equity | CN¥1.12b |
| Total liabilities | CN¥891.96m |
| Total assets | CN¥2.01b |
Recent financial health updates
Is Shaanxi Sirui Advanced Materials (SHSE:688102) A Risky Investment?
Sep 29
Here's Why Shaanxi Sirui Advanced Materials (SHSE:688102) Can Manage Its Debt Responsibly
May 28Recent updates
Shaanxi Sirui Advanced Materials Co., Ltd. (SHSE:688102) Stocks Shoot Up 43% But Its P/E Still Looks Reasonable
Oct 08Is Shaanxi Sirui Advanced Materials (SHSE:688102) A Risky Investment?
Sep 29Shaanxi Sirui Advanced Materials' (SHSE:688102) Promising Earnings May Rest On Soft Foundations
Aug 22Earnings Tell The Story For Shaanxi Sirui Advanced Materials Co., Ltd. (SHSE:688102) As Its Stock Soars 26%
May 31Here's Why Shaanxi Sirui Advanced Materials (SHSE:688102) Can Manage Its Debt Responsibly
May 28Returns On Capital At Shaanxi Sirui Advanced Materials (SHSE:688102) Have Stalled
Mar 26Investors Appear Satisfied With Shaanxi Sirui Advanced Materials Co., Ltd.'s (SHSE:688102) Prospects As Shares Rocket 27%
Mar 04Financial Position Analysis
Short Term Liabilities: 688102's short term assets (CN¥784.1M) exceed its short term liabilities (CN¥504.6M).
Long Term Liabilities: 688102's short term assets (CN¥784.1M) exceed its long term liabilities (CN¥387.4M).
Debt to Equity History and Analysis
Debt Level: 688102's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: 688102's debt to equity ratio has reduced from 67% to 58.3% over the past 5 years.
Debt Coverage: 688102's debt is well covered by operating cash flow (24.2%).
Interest Coverage: 688102's interest payments on its debt are well covered by EBIT (8.8x coverage).