Kangda New Materials (Group) Balance Sheet Health
Financial Health criteria checks 2/6
Kangda New Materials (Group) has a total shareholder equity of CN¥3.3B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 81.1%. Its total assets and total liabilities are CN¥7.2B and CN¥3.9B respectively. Kangda New Materials (Group)'s EBIT is CN¥74.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥709.4M.
Key information
81.1%
Debt to equity ratio
CN¥2.66b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥709.38m |
| Equity | CN¥3.28b |
| Total liabilities | CN¥3.93b |
| Total assets | CN¥7.21b |
Recent financial health updates
No updates
Recent updates
There May Be Reason For Hope In Kangda New Materials (Group)'s (SZSE:002669) Disappointing Earnings
Apr 22
Kangda New Materials (Group) (SZSE:002669) Will Want To Turn Around Its Return Trends
Mar 26Kangda New Materials (Group) Co., Ltd. (SZSE:002669) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Mar 07Financial Position Analysis
Short Term Liabilities: 002669's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002669's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 002669's net debt to equity ratio (59.5%) is considered high.
Reducing Debt: 002669's debt to equity ratio has increased from 6.8% to 81.1% over the past 5 years.
Debt Coverage: 002669's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: 002669's interest payments on its debt are not well covered by EBIT (1.4x coverage).