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¥2.3B, which brings its debt-to-equity ratio to 113.9%. Its total assets and total liabilities are CN¥6.9B and CN¥4.8B respectively. Orinko Advanced PlasticsLTD's EBIT is CN¥266.7M making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥1.0B.
Key information
113.9%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥1.03b |
| Equity | CN¥2.04b |
| Total liabilities | CN¥4.83b |
| Total assets | CN¥6.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688219's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 688219's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 688219's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: 688219's debt to equity ratio has increased from 103.8% to 113.9% over the past 5 years.
Debt Coverage: 688219's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 688219's interest payments on its debt are well covered by EBIT (4.1x coverage).