Orinko Advanced Plastics Co.,LTD

SHSE:688219 Stock Report

Market Cap: CN¥3.9b

Orinko Advanced PlasticsLTD Balance Sheet Health

Financial Health criteria checks 3/6

Orinko Advanced PlasticsLTD has a total shareholder equity of CN¥2.0B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are CN¥6.5B and CN¥4.5B respectively. Orinko Advanced PlasticsLTD's EBIT is CN¥225.6M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥1.1B.

Key information

123.0%

Debt to equity ratio

CN¥2.42b

Debt

Interest coverage ratio3.4x
CashCN¥1.12b
EquityCN¥1.97b
Total liabilitiesCN¥4.53b
Total assetsCN¥6.50b

Recent financial health updates

No updates

Recent updates

Little Excitement Around Orinko Advanced Plastics Co.,LTD's (SHSE:688219) Earnings

Oct 01
Little Excitement Around Orinko Advanced Plastics Co.,LTD's (SHSE:688219) Earnings

Orinko Advanced PlasticsLTD's (SHSE:688219) Earnings Are Weaker Than They Seem

Aug 06
Orinko Advanced PlasticsLTD's (SHSE:688219) Earnings Are Weaker Than They Seem

Orinko Advanced Plastics Co.,LTD (SHSE:688219) Could Be Riskier Than It Looks

Apr 23
Orinko Advanced Plastics Co.,LTD (SHSE:688219) Could Be Riskier Than It Looks

Financial Position Analysis

Short Term Liabilities: 688219's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.3B).

Long Term Liabilities: 688219's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 688219's net debt to equity ratio (66.3%) is considered high.

Reducing Debt: 688219's debt to equity ratio has increased from 110.1% to 123% over the past 5 years.

Debt Coverage: 688219's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: 688219's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


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