Zhongfu Shenying Carbon FiberLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhongfu Shenying Carbon FiberLtd has a total shareholder equity of CN¥4.7B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CN¥9.2B and CN¥4.5B respectively.
Key information
48.4%
Debt to equity ratio
CN¥2.29b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.87b |
| Equity | CN¥4.74b |
| Total liabilities | CN¥4.46b |
| Total assets | CN¥9.20b |
Recent financial health updates
Recent updates
Zhongfu Shenying Carbon FiberLtd's (SHSE:688295) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 01
Earnings Report: Zhongfu Shenying Carbon Fiber Co.,Ltd. Missed Revenue Estimates By 6.3%
Aug 31Zhongfu Shenying Carbon FiberLtd's (SHSE:688295) Returns On Capital Are Heading Higher
Aug 16We Think Zhongfu Shenying Carbon FiberLtd (SHSE:688295) Is Taking Some Risk With Its Debt
Jul 12Zhongfu Shenying Carbon FiberLtd's (SHSE:688295) Earnings Quality Is Low
Apr 03Zhongfu Shenying Carbon Fiber Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 31Financial Position Analysis
Short Term Liabilities: 688295's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 688295's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 688295's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 688295's debt to equity ratio has increased from 45.6% to 48.4% over the past 5 years.
Debt Coverage: 688295's debt is well covered by operating cash flow (32.2%).
Interest Coverage: Insufficient data to determine if 688295's interest payments on its debt are well covered by EBIT.