Jiangxi Black Cat Carbon BlackLtd Balance Sheet Health
Financial Health criteria checks 2/6
Jiangxi Black Cat Carbon BlackLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 94.6%. Its total assets and total liabilities are CN¥8.2B and CN¥5.1B respectively. Jiangxi Black Cat Carbon BlackLtd's EBIT is CN¥38.1M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥434.2M.
Key information
94.6%
Debt to equity ratio
CN¥2.94b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥434.17m |
| Equity | CN¥3.11b |
| Total liabilities | CN¥5.09b |
| Total assets | CN¥8.20b |
Recent financial health updates
These 4 Measures Indicate That Jiangxi Black Cat Carbon BlackLtd (SZSE:002068) Is Using Debt Extensively
Nov 22
Here's Why Jiangxi Black Cat Carbon BlackLtd (SZSE:002068) Can Afford Some Debt
Jul 31Recent updates
These 4 Measures Indicate That Jiangxi Black Cat Carbon BlackLtd (SZSE:002068) Is Using Debt Extensively
Nov 22Here's What's Concerning About Jiangxi Black Cat Carbon BlackLtd's (SZSE:002068) Returns On Capital
Oct 24Little Excitement Around Jiangxi Black Cat Carbon Black Inc.,Ltd's (SZSE:002068) Revenues
Sep 26Here's Why Jiangxi Black Cat Carbon BlackLtd (SZSE:002068) Can Afford Some Debt
Jul 31Is There An Opportunity With Jiangxi Black Cat Carbon Black Inc.,Ltd's (SZSE:002068) 43% Undervaluation?
Apr 21Jiangxi Black Cat Carbon Black Inc.,Ltd (SZSE:002068) Shares Fly 29% But Investors Aren't Buying For Growth
Mar 04Financial Position Analysis
Short Term Liabilities: 002068's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 002068's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002068's net debt to equity ratio (80.7%) is considered high.
Reducing Debt: 002068's debt to equity ratio has increased from 72.2% to 94.6% over the past 5 years.
Debt Coverage: 002068's debt is not well covered by operating cash flow (7%).
Interest Coverage: 002068's interest payments on its debt are not well covered by EBIT (0.4x coverage).