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¥831.7M and total debt of CN¥646.7M, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are CN¥1.6B and CN¥742.1M respectively. Donglai Coating Technology(Shanghai)Co.Ltd's EBIT is CN¥47.4M making its interest coverage ratio -4. It has cash and short-term investments of CN¥699.6M.
Key information
77.8%
Debt to equity ratio
CN¥646.69m
Debt
Interest coverage ratio | -4x |
Cash | CN¥699.61m |
Equity | CN¥831.74m |
Total liabilities | CN¥742.11m |
Total assets | CN¥1.57b |
Financial Position Analysis
Short Term Liabilities: 688129's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥740.0M).
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 77.8% over the past 5 years.
Debt Coverage: 688129's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 688129 earns more interest than it pays, so coverage of interest payments is not a concern.