Orinko Advanced PlasticsLTD Balance Sheet Health
Financial Health criteria checks 6/6
Orinko Advanced PlasticsLTD has a total shareholder equity of CN¥2.0B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are CN¥6.2B and CN¥4.3B respectively. Orinko Advanced PlasticsLTD's EBIT is CN¥238.1M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥1.1B.
Key information
90.5%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥1.05b |
Equity | CN¥1.95b |
Total liabilities | CN¥4.25b |
Total assets | CN¥6.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688219's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 688219's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 688219's net debt to equity ratio (36.8%) is considered satisfactory.
Reducing Debt: 688219's debt to equity ratio has reduced from 116.9% to 90.5% over the past 5 years.
Debt Coverage: 688219's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 688219's interest payments on its debt are well covered by EBIT (3.8x coverage).