Shandong Tongda Island New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Tongda Island New MaterialsLtd has a total shareholder equity of CN¥629.6M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥684.4M and CN¥54.8M respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥194.32m |
| Equity | CN¥629.61m |
| Total liabilities | CN¥54.77m |
| Total assets | CN¥684.38m |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Shandong Tongda Island New Materials Co.,Ltd. (SZSE:300321) With Shares Advancing 29%
Oct 28
Shandong Tongda Island New MaterialsLtd's (SZSE:300321) Earnings Are Weaker Than They Seem
Sep 03More Unpleasant Surprises Could Be In Store For Shandong Tongda Island New Materials Co.,Ltd.'s (SZSE:300321) Shares After Tumbling 28%
Jul 23Shandong Tongda Island New Materials Co.,Ltd.'s (SZSE:300321) Popularity With Investors Is Under Threat From Overpricing
Jun 05Revenues Not Telling The Story For Shandong Tongda Island New Materials Co.,Ltd. (SZSE:300321) After Shares Rise 29%
Mar 06Financial Position Analysis
Short Term Liabilities: 300321's short term assets (CN¥438.9M) exceed its short term liabilities (CN¥53.2M).
Long Term Liabilities: 300321's short term assets (CN¥438.9M) exceed its long term liabilities (CN¥1.6M).
Debt to Equity History and Analysis
Debt Level: 300321 is debt free.
Reducing Debt: 300321 had no debt 5 years ago.
Debt Coverage: 300321 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 300321 has no debt, therefore coverage of interest payments is not a concern.