Suzhou Yangtze New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Suzhou Yangtze New Materials has a total shareholder equity of CN¥271.5M and total debt of CN¥171.7M, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are CN¥466.8M and CN¥195.4M respectively. Suzhou Yangtze New Materials's EBIT is CN¥15.4M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥22.4M.
Key information
63.2%
Debt to equity ratio
CN¥171.68m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥22.40m |
| Equity | CN¥271.46m |
| Total liabilities | CN¥195.38m |
| Total assets | CN¥466.84m |
Recent financial health updates
No updates
Recent updates
Suzhou Yangtze New Materials (SZSE:002652) Is Posting Solid Earnings, But It Is Not All Good News
Oct 30
Suzhou Yangtze New Materials Co., Ltd. (SZSE:002652) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Aug 14Suzhou Yangtze New Materials Co., Ltd.'s (SZSE:002652) Shares Climb 26% But Its Business Is Yet to Catch Up
Jun 27Solid Earnings May Not Tell The Whole Story For Suzhou Yangtze New Materials (SZSE:002652)
Apr 30More Unpleasant Surprises Could Be In Store For Suzhou Yangtze New Materials Co., Ltd.'s (SZSE:002652) Shares After Tumbling 26%
Apr 23Suzhou Yangtze New Materials Co., Ltd.'s (SZSE:002652) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Feb 28Financial Position Analysis
Short Term Liabilities: 002652's short term assets (CN¥205.1M) exceed its short term liabilities (CN¥192.4M).
Long Term Liabilities: 002652's short term assets (CN¥205.1M) exceed its long term liabilities (CN¥3.0M).
Debt to Equity History and Analysis
Debt Level: 002652's net debt to equity ratio (55%) is considered high.
Reducing Debt: 002652's debt to equity ratio has reduced from 115.9% to 63.2% over the past 5 years.
Debt Coverage: 002652's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 002652's interest payments on its debt are not well covered by EBIT (1.6x coverage).