Shandong Dawn PolymerLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Dawn PolymerLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥824.9M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are CN¥5.1B and CN¥1.8B respectively. Shandong Dawn PolymerLtd's EBIT is CN¥173.3M making its interest coverage ratio 9.5. It has cash and short-term investments of CN¥531.9M.
Key information
25.4%
Debt to equity ratio
CN¥824.88m
Debt
| Interest coverage ratio | 9.5x |
| Cash | CN¥531.87m |
| Equity | CN¥3.25b |
| Total liabilities | CN¥1.84b |
| Total assets | CN¥5.10b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002838's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002838's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥475.2M).
Debt to Equity History and Analysis
Debt Level: 002838's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 002838's debt to equity ratio has reduced from 35.3% to 25.4% over the past 5 years.
Debt Coverage: 002838's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002838's interest payments on its debt are well covered by EBIT (9.5x coverage).