Yongxing Special Materials TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Yongxing Special Materials TechnologyLtd has a total shareholder equity of CN¥13.6B and total debt of CN¥853.4M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥15.9B and CN¥2.4B respectively. Yongxing Special Materials TechnologyLtd's EBIT is CN¥3.0B making its interest coverage ratio -11.7. It has cash and short-term investments of CN¥10.2B.
Key information
6.3%
Debt to equity ratio
CN¥853.38m
Debt
Interest coverage ratio | -11.7x |
Cash | CN¥10.22b |
Equity | CN¥13.56b |
Total liabilities | CN¥2.39b |
Total assets | CN¥15.95b |
Recent financial health updates
No updates
Recent updates
Yongxing Special Materials Technology Co.,Ltd (SZSE:002756) Analysts Just Cut Their EPS Forecasts Substantially
May 02Yongxing Special Materials TechnologyLtd (SZSE:002756) Knows How To Allocate Capital Effectively
Apr 21Yongxing Special Materials Technology Co.,Ltd's (SZSE:002756) Earnings Are Not Doing Enough For Some Investors
Feb 29Financial Position Analysis
Short Term Liabilities: 002756's short term assets (CN¥12.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002756's short term assets (CN¥12.3B) exceed its long term liabilities (CN¥127.7M).
Debt to Equity History and Analysis
Debt Level: 002756 has more cash than its total debt.
Reducing Debt: 002756's debt to equity ratio has increased from 2.4% to 6.3% over the past 5 years.
Debt Coverage: 002756's debt is well covered by operating cash flow (290.5%).
Interest Coverage: 002756 earns more interest than it pays, so coverage of interest payments is not a concern.