Zhongfu Shenying Carbon FiberLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhongfu Shenying Carbon FiberLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are CN¥9.8B and CN¥4.9B respectively. Zhongfu Shenying Carbon FiberLtd's EBIT is CN¥114.1M making its interest coverage ratio 44.7. It has cash and short-term investments of CN¥2.3B.
Key information
52.9%
Debt to equity ratio
CN¥2.58b
Debt
Interest coverage ratio | 44.7x |
Cash | CN¥2.31b |
Equity | CN¥4.89b |
Total liabilities | CN¥4.91b |
Total assets | CN¥9.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688295's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 688295's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 688295's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 688295's debt to equity ratio has reduced from 105.9% to 52.9% over the past 5 years.
Debt Coverage: 688295's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 688295's interest payments on its debt are well covered by EBIT (44.7x coverage).