Jiangsu Shuangxing Color Plastic New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Shuangxing Color Plastic New Materials has a total shareholder equity of CN¥9.2B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥13.3B and CN¥4.1B respectively.
Key information
13.0%
Debt to equity ratio
CN¥1.20b
Debt
Interest coverage ratio | n/a |
Cash | CN¥530.21m |
Equity | CN¥9.23b |
Total liabilities | CN¥4.07b |
Total assets | CN¥13.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002585's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002585's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥317.0M).
Debt to Equity History and Analysis
Debt Level: 002585's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 002585's debt to equity ratio has increased from 10.3% to 13% over the past 5 years.
Debt Coverage: 002585's debt is well covered by operating cash flow (49%).
Interest Coverage: Insufficient data to determine if 002585's interest payments on its debt are well covered by EBIT.