Shandong Sinocera Functional Material Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Sinocera Functional Material has a total shareholder equity of CN¥6.9B and total debt of CN¥622.1M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are CN¥8.9B and CN¥2.0B respectively. Shandong Sinocera Functional Material's EBIT is CN¥691.4M making its interest coverage ratio 55.9. It has cash and short-term investments of CN¥632.5M.
Key information
9.0%
Debt to equity ratio
CN¥622.05m
Debt
| Interest coverage ratio | 55.9x |
| Cash | CN¥632.46m |
| Equity | CN¥6.93b |
| Total liabilities | CN¥2.00b |
| Total assets | CN¥8.93b |
Recent financial health updates
Recent updates
Shandong Sinocera Functional Material Co., Ltd. Just Missed Revenue By 13%: Here's What Analysts Think Will Happen Next
Apr 28
Is Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) Trading At A 34% Discount?
Apr 21Shandong Sinocera Functional Material (SZSE:300285) Seems To Use Debt Quite Sensibly
Mar 18Financial Position Analysis
Short Term Liabilities: 300285's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300285's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥578.3M).
Debt to Equity History and Analysis
Debt Level: 300285 has more cash than its total debt.
Reducing Debt: 300285's debt to equity ratio has reduced from 13.5% to 9% over the past 5 years.
Debt Coverage: 300285's debt is well covered by operating cash flow (114%).
Interest Coverage: 300285's interest payments on its debt are well covered by EBIT (55.9x coverage).