Donglai Coating Technology(Shanghai)Co.Ltd Balance Sheet Health
Financial Health criteria checks 4/6
Donglai Coating Technology(Shanghai)Co.Ltd has a total shareholder equity of CN¥819.9M and total debt of CN¥621.3M, which brings its debt-to-equity ratio to 75.8%. Its total assets and total liabilities are CN¥1.6B and CN¥756.4M respectively. Donglai Coating Technology(Shanghai)Co.Ltd's EBIT is CN¥62.3M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥971.7M.
Key information
75.8%
Debt to equity ratio
CN¥621.34m
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥971.69m |
| Equity | CN¥819.89m |
| Total liabilities | CN¥756.40m |
| Total assets | CN¥1.58b |
Recent financial health updates
No updates
Recent updates
Returns On Capital Signal Tricky Times Ahead For Donglai Coating Technology(Shanghai)Co.Ltd (SHSE:688129)
Sep 27
Donglai Coating Technology(Shanghai)Co.Ltd (SHSE:688129) Is Reinvesting At Lower Rates Of Return
Jun 05Additional Considerations Required While Assessing Donglai Coating Technology(Shanghai)Co.Ltd's (SHSE:688129) Strong Earnings
May 03Financial Position Analysis
Short Term Liabilities: 688129's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥754.3M).
Long Term Liabilities: 688129's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥2.1M).
Debt to Equity History and Analysis
Debt Level: 688129 has more cash than its total debt.
Reducing Debt: 688129's debt to equity ratio has increased from 0% to 75.8% over the past 5 years.
Debt Coverage: 688129's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 688129 earns more interest than it pays, so coverage of interest payments is not a concern.