Explosive Balance Sheet Health
Financial Health criteria checks 4/6
Explosive has a total shareholder equity of CN¥7.0B and total debt of CN¥315.5M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CN¥10.3B and CN¥3.3B respectively. Explosive's EBIT is CN¥169.4M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥2.1B.
Key information
4.5%
Debt to equity ratio
CN¥315.50m
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥2.10b |
Equity | CN¥7.02b |
Total liabilities | CN¥3.27b |
Total assets | CN¥10.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002096's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 002096's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥891.6M).
Debt to Equity History and Analysis
Debt Level: 002096 has more cash than its total debt.
Reducing Debt: 002096's debt to equity ratio has reduced from 51.7% to 4.5% over the past 5 years.
Debt Coverage: 002096's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 002096's interest payments on its debt are not well covered by EBIT (2.9x coverage).