Zhejiang Kaier New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Kaier New MaterialsLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥70.6M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are CN¥1.4B and CN¥296.2M respectively. Zhejiang Kaier New MaterialsLtd's EBIT is CN¥66.3M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥379.4M.
Key information
6.2%
Debt to equity ratio
CN¥70.60m
Debt
Interest coverage ratio | -8.7x |
Cash | CN¥379.40m |
Equity | CN¥1.14b |
Total liabilities | CN¥296.21m |
Total assets | CN¥1.44b |
Recent financial health updates
No updates
Recent updates
Zhejiang Kaier New MaterialsLtd (SZSE:300234) Shareholders Will Want The ROCE Trajectory To Continue
Jun 07Zhejiang Kaier New MaterialsLtd's (SZSE:300234) Earnings Offer More Than Meets The Eye
Apr 09Zhejiang Kaier New Materials Co.,Ltd. (SZSE:300234) Stock Rockets 37% As Investors Are Less Pessimistic Than Expected
Mar 08Financial Position Analysis
Short Term Liabilities: 300234's short term assets (CN¥991.8M) exceed its short term liabilities (CN¥271.2M).
Long Term Liabilities: 300234's short term assets (CN¥991.8M) exceed its long term liabilities (CN¥25.0M).
Debt to Equity History and Analysis
Debt Level: 300234 has more cash than its total debt.
Reducing Debt: 300234's debt to equity ratio has increased from 5.7% to 6.2% over the past 5 years.
Debt Coverage: 300234's debt is well covered by operating cash flow (167.3%).
Interest Coverage: 300234 earns more interest than it pays, so coverage of interest payments is not a concern.