Anhui Shenjian New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Anhui Shenjian New MaterialsLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are CN¥4.8B and CN¥2.4B respectively. Anhui Shenjian New MaterialsLtd's EBIT is CN¥76.8M making its interest coverage ratio -23. It has cash and short-term investments of CN¥766.9M.
Key information
66.0%
Debt to equity ratio
CN¥1.54b
Debt
| Interest coverage ratio | -23x |
| Cash | CN¥766.91m |
| Equity | CN¥2.34b |
| Total liabilities | CN¥2.44b |
| Total assets | CN¥4.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002361's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002361's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥143.6M).
Debt to Equity History and Analysis
Debt Level: 002361's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: 002361's debt to equity ratio has increased from 50.6% to 66% over the past 5 years.
Debt Coverage: 002361's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: 002361 earns more interest than it pays, so coverage of interest payments is not a concern.