Zhangjiagang Guangda Special Material Balance Sheet Health
Financial Health criteria checks 3/6
Zhangjiagang Guangda Special Material has a total shareholder equity of CN¥3.9B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 110.5%. Its total assets and total liabilities are CN¥10.7B and CN¥6.8B respectively. Zhangjiagang Guangda Special Material's EBIT is CN¥256.3M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥570.6M.
Key information
110.5%
Debt to equity ratio
CN¥4.30b
Debt
Interest coverage ratio | 3.1x |
Cash | CN¥570.60m |
Equity | CN¥3.89b |
Total liabilities | CN¥6.77b |
Total assets | CN¥10.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688186's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 688186's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 688186's net debt to equity ratio (95.8%) is considered high.
Reducing Debt: 688186's debt to equity ratio has increased from 78.7% to 110.5% over the past 5 years.
Debt Coverage: 688186's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688186's interest payments on its debt are well covered by EBIT (3.1x coverage).