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 28.6%. Its total assets and total liabilities are CN¥6.8B and CN¥2.3B respectively. Jiangsu Changhai Composite Materials's EBIT is CN¥228.4M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥1.6B.
Key information
28.6%
Debt to equity ratio
CN¥1.29b
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥1.63b |
| Equity | CN¥4.51b |
| Total liabilities | CN¥2.31b |
| Total assets | CN¥6.82b |
Recent financial health updates
Recent updates
At CN¥10.97, Is Jiangsu Changhai Composite Materials Co., Ltd (SZSE:300196) Worth Looking At Closely?
Oct 13
Is Jiangsu Changhai Composite Materials (SZSE:300196) Using Too Much Debt?
Sep 27Jiangsu Changhai Composite Materials (SZSE:300196) Is Paying Out Less In Dividends Than Last Year
May 26Jiangsu Changhai Composite Materials Co., Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 21Jiangsu Changhai Composite Materials Co., Ltd (SZSE:300196) Analysts Just Cut Their EPS Forecasts Substantially
Apr 20Financial Position Analysis
Short Term Liabilities: 300196's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300196's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥864.1M).
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 4.9% to 28.6% over the past 5 years.
Debt Coverage: 300196's debt is well covered by operating cash flow (31.6%).
Interest Coverage: 300196 earns more interest than it pays, so coverage of interest payments is not a concern.