Suzhou Hesheng Special Material Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Hesheng Special Material has a total shareholder equity of CN¥734.0M and total debt of CN¥290.0M, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CN¥1.7B and CN¥947.4M respectively. Suzhou Hesheng Special Material's EBIT is CN¥105.2M making its interest coverage ratio 21.1. It has cash and short-term investments of CN¥315.1M.
Key information
39.5%
Debt to equity ratio
CN¥289.97m
Debt
| Interest coverage ratio | 21.1x |
| Cash | CN¥315.12m |
| Equity | CN¥734.02m |
| Total liabilities | CN¥947.39m |
| Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002290's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥757.4M).
Long Term Liabilities: 002290's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥190.0M).
Debt to Equity History and Analysis
Debt Level: 002290 has more cash than its total debt.
Reducing Debt: 002290's debt to equity ratio has reduced from 108.3% to 39.5% over the past 5 years.
Debt Coverage: 002290's debt is well covered by operating cash flow (53.6%).
Interest Coverage: 002290's interest payments on its debt are well covered by EBIT (21.1x coverage).