Shandong Dawn PolymerLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Dawn PolymerLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are CN¥5.8B and CN¥2.5B respectively. Shandong Dawn PolymerLtd's EBIT is CN¥181.3M making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥463.7M.
Key information
38.8%
Debt to equity ratio
CN¥1.27b
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥463.65m |
| Equity | CN¥3.26b |
| Total liabilities | CN¥2.54b |
| Total assets | CN¥5.80b |
Recent financial health updates
Recent updates
There's Reason For Concern Over Shandong Dawn Polymer Co.,Ltd.'s (SZSE:002838) Massive 36% Price Jump
Oct 22
Returns On Capital At Shandong Dawn PolymerLtd (SZSE:002838) Paint A Concerning Picture
Oct 21Shandong Dawn PolymerLtd's (SZSE:002838) Dividend Is Being Reduced To CN¥0.065
Jun 24Getting In Cheap On Shandong Dawn Polymer Co.,Ltd. (SZSE:002838) Is Unlikely
Jun 07Earnings Troubles May Signal Larger Issues for Shandong Dawn PolymerLtd (SZSE:002838) Shareholders
Apr 08Shandong Dawn PolymerLtd (SZSE:002838) Has A Somewhat Strained Balance Sheet
Mar 27Shandong Dawn Polymer Co.,Ltd.'s (SZSE:002838) Shares May Have Run Too Fast Too Soon
Feb 28Financial Position Analysis
Short Term Liabilities: 002838's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002838's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥645.8M).
Debt to Equity History and Analysis
Debt Level: 002838's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 002838's debt to equity ratio has increased from 32.1% to 38.8% 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 (5.6x coverage).