Jiangsu Changhai Composite Materials Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Changhai Composite Materials has a total shareholder equity of CN¥4.5B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are CN¥6.7B and CN¥2.2B respectively. Jiangsu Changhai Composite Materials's EBIT is CN¥257.0M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥1.8B.
Key information
28.7%
Debt to equity ratio
CN¥1.29b
Debt
Interest coverage ratio | -12.6x |
Cash | CN¥1.81b |
Equity | CN¥4.51b |
Total liabilities | CN¥2.17b |
Total assets | CN¥6.67b |
Financial Position Analysis
Short Term Liabilities: 300196's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300196's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 300196 has more cash than its total debt.
Reducing Debt: 300196's debt to equity ratio has increased from 10.5% to 28.7% over the past 5 years.
Debt Coverage: 300196's debt is well covered by operating cash flow (51.5%).
Interest Coverage: 300196 earns more interest than it pays, so coverage of interest payments is not a concern.