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 ratio | 3.4x |
| Cash | CN¥1.12b |
| Equity | CN¥1.97b |
| Total liabilities | CN¥4.53b |
| Total assets | CN¥6.50b |
Recent financial health updates
No updates
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).