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¥726.1M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are CN¥9.0B and CN¥2.0B respectively. Shandong Sinocera Functional Material's EBIT is CN¥693.2M making its interest coverage ratio 98.9. It has cash and short-term investments of CN¥543.5M.
Key information
10.3%
Debt to equity ratio
CN¥726.14m
Debt
Interest coverage ratio | 98.9x |
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 Co., Ltd. Just Missed Revenue By 12%: Here's What Analysts Think Will Happen Next
Aug 01Shandong Sinocera Functional Material (SZSE:300285) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07Shandong 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 (2.6%) is considered satisfactory.
Reducing Debt: 300285's debt to equity ratio has reduced from 12.5% to 10.3% over the past 5 years.
Debt Coverage: 300285's debt is well covered by operating cash flow (96.9%).
Interest Coverage: 300285's interest payments on its debt are well covered by EBIT (98.9x coverage).