Shenzhen Prince New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Prince New MaterialsLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥268.9M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CN¥2.9B and CN¥953.1M respectively. Shenzhen Prince New MaterialsLtd's EBIT is CN¥98.9M making its interest coverage ratio -87.8. It has cash and short-term investments of CN¥776.8M.
Key information
13.6%
Debt to equity ratio
CN¥268.91m
Debt
Interest coverage ratio | -87.8x |
Cash | CN¥776.83m |
Equity | CN¥1.98b |
Total liabilities | CN¥953.12m |
Total assets | CN¥2.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002735's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥880.3M).
Long Term Liabilities: 002735's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥72.9M).
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 reduced from 14% to 13.6% over the past 5 years.
Debt Coverage: 002735's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 002735 earns more interest than it pays, so coverage of interest payments is not a concern.