Shenzhen Prince New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Prince New MaterialsLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥317.3M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥3.0B and CN¥1.0B respectively. Shenzhen Prince New MaterialsLtd's EBIT is CN¥85.6M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥573.4M.
Key information
16.0%
Debt to equity ratio
CN¥317.26m
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥573.41m |
| Equity | CN¥1.98b |
| Total liabilities | CN¥1.01b |
| Total assets | CN¥2.99b |
Recent financial health updates
Recent updates
Shenzhen Prince New MaterialsLtd (SZSE:002735) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 06
These 4 Measures Indicate That Shenzhen Prince New MaterialsLtd (SZSE:002735) Is Using Debt Reasonably Well
May 25Shenzhen Prince New MaterialsLtd's (SZSE:002735) Solid Profits Have Weak Fundamentals
May 06There's Reason For Concern Over Shenzhen Prince New Materials Co.,Ltd.'s (SZSE:002735) Massive 37% Price Jump
Mar 31Financial Position Analysis
Short Term Liabilities: 002735's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥968.8M).
Long Term Liabilities: 002735's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥42.5M).
Debt to Equity History and Analysis
Debt Level: 002735 has more cash than its total debt.
Reducing Debt: 002735's debt to equity ratio has increased from 10% to 16% over the past 5 years.
Debt Coverage: 002735's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 002735's interest payments on its debt are well covered by EBIT (8.5x coverage).