Sokan New Materials Group Balance Sheet Health
Financial Health criteria checks 4/6
Sokan New Materials Group has a total shareholder equity of CN¥1.3B and total debt of CN¥124.8M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥1.6B and CN¥299.8M respectively. Sokan New Materials Group's EBIT is CN¥88.6M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥295.8M.
Key information
9.6%
Debt to equity ratio
CN¥124.81m
Debt
Interest coverage ratio | -15.4x |
Cash | CN¥295.77m |
Equity | CN¥1.31b |
Total liabilities | CN¥299.83m |
Total assets | CN¥1.60b |
Financial Position Analysis
Short Term Liabilities: 688157's short term assets (CN¥765.2M) exceed its short term liabilities (CN¥268.6M).
Long Term Liabilities: 688157's short term assets (CN¥765.2M) exceed its long term liabilities (CN¥31.3M).
Debt to Equity History and Analysis
Debt Level: 688157 has more cash than its total debt.
Reducing Debt: 688157's debt to equity ratio has increased from 0.4% to 9.6% over the past 5 years.
Debt Coverage: 688157's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 688157 earns more interest than it pays, so coverage of interest payments is not a concern.