Shandong Dawn PolymerLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Dawn PolymerLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥995.2M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are CN¥5.4B and CN¥2.1B respectively. Shandong Dawn PolymerLtd's EBIT is CN¥171.1M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥490.2M.
Key information
30.8%
Debt to equity ratio
CN¥995.21m
Debt
Interest coverage ratio | 6.7x |
Cash | CN¥490.25m |
Equity | CN¥3.23b |
Total liabilities | CN¥2.15b |
Total assets | CN¥5.38b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002838's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002838's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥481.4M).
Debt to Equity History and Analysis
Debt Level: 002838's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: 002838's debt to equity ratio has reduced from 35.3% to 30.8% 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 (6.7x coverage).