Shandong Sinocera Functional Material Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Sinocera Functional Material has a total shareholder equity of CN¥7.0B and total debt of CN¥733.7M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CN¥9.0B and CN¥2.0B respectively. Shandong Sinocera Functional Material's EBIT is CN¥753.0M making its interest coverage ratio -492.3. It has cash and short-term investments of CN¥543.5M.
Key information
10.4%
Debt to equity ratio
CN¥733.71m
Debt
| Interest coverage ratio | -492.3x |
| Cash | CN¥543.46m |
| Equity | CN¥7.04b |
| Total liabilities | CN¥1.96b |
| Total assets | CN¥9.00b |
Recent financial health updates
Recent updates
Shandong Sinocera Functional Material (SZSE:300285) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07
Shandong Sinocera Functional Material (SZSE:300285) Has Affirmed Its Dividend Of CN¥0.10
May 23Should You Investigate Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) At CN¥20.77?
May 12Shandong Sinocera Functional Material Co., Ltd. Just Missed Revenue By 13%: Here's What Analysts Think Will Happen Next
Apr 28Is 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¥554.3M).
Debt to Equity History and Analysis
Debt Level: 300285's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 300285's debt to equity ratio has reduced from 12.5% to 10.4% over the past 5 years.
Debt Coverage: 300285's debt is well covered by operating cash flow (95.9%).
Interest Coverage: 300285 earns more interest than it pays, so coverage of interest payments is not a concern.