Jiangsu HSC New Energy MaterialsLTD Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu HSC New Energy MaterialsLTD has a total shareholder equity of CN¥3.8B and total debt of CN¥126.5M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CN¥4.3B and CN¥504.8M respectively.
Key information
3.4%
Debt to equity ratio
CN¥126.54m
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.99b |
Equity | CN¥3.78b |
Total liabilities | CN¥504.81m |
Total assets | CN¥4.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688353's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥324.3M).
Long Term Liabilities: 688353's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥180.5M).
Debt to Equity History and Analysis
Debt Level: 688353 has more cash than its total debt.
Reducing Debt: 688353's debt to equity ratio has reduced from 53.4% to 3.4% over the past 5 years.
Debt Coverage: 688353's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688353's interest payments on its debt are well covered by EBIT.