Chongqing Changjiang River Moulding Material (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Chongqing Changjiang River Moulding Material (Group) has a total shareholder equity of CN¥1.7B and total debt of CN¥105.8M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are CN¥2.0B and CN¥345.2M respectively. Chongqing Changjiang River Moulding Material (Group)'s EBIT is CN¥135.2M making its interest coverage ratio -17.7. It has cash and short-term investments of CN¥521.8M.
Key information
6.2%
Debt to equity ratio
CN¥105.76m
Debt
Interest coverage ratio | -17.7x |
Cash | CN¥521.85m |
Equity | CN¥1.70b |
Total liabilities | CN¥345.18m |
Total assets | CN¥2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001296's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥252.4M).
Long Term Liabilities: 001296's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥92.8M).
Debt to Equity History and Analysis
Debt Level: 001296 has more cash than its total debt.
Reducing Debt: 001296's debt to equity ratio has increased from 1.5% to 6.2% over the past 5 years.
Debt Coverage: 001296's debt is well covered by operating cash flow (35.5%).
Interest Coverage: 001296 earns more interest than it pays, so coverage of interest payments is not a concern.