Guangdong Decro Film New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Decro Film New Materials has a total shareholder equity of CN¥1.9B and total debt of CN¥375.8M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are CN¥2.5B and CN¥608.2M respectively. Guangdong Decro Film New Materials's EBIT is CN¥110.9M making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥1.1B.
Key information
19.7%
Debt to equity ratio
CN¥375.83m
Debt
Interest coverage ratio | -9.5x |
Cash | CN¥1.12b |
Equity | CN¥1.91b |
Total liabilities | CN¥608.17m |
Total assets | CN¥2.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001378's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥279.8M).
Long Term Liabilities: 001378's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥328.3M).
Debt to Equity History and Analysis
Debt Level: 001378 has more cash than its total debt.
Reducing Debt: 001378's debt to equity ratio has reduced from 50.3% to 19.7% over the past 5 years.
Debt Coverage: 001378's debt is well covered by operating cash flow (44.8%).
Interest Coverage: 001378 earns more interest than it pays, so coverage of interest payments is not a concern.