Changzhou Tronly New Electronic Materials Balance Sheet Health
Financial Health criteria checks 2/6
Changzhou Tronly New Electronic Materials has a total shareholder equity of CN¥1.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CN¥3.6B and CN¥1.8B respectively.
Key information
79.1%
Debt to equity ratio
CN¥1.42b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥517.86m |
| Equity | CN¥1.80b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥3.61b |
Recent financial health updates
Does Changzhou Tronly New Electronic Materials (SZSE:300429) Have A Healthy Balance Sheet?
Oct 28
We Think Changzhou Tronly New Electronic Materials (SZSE:300429) Has A Fair Chunk Of Debt
Jun 24Recent updates
Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) 26% Price Boost Is Out Of Tune With Revenues
Nov 14Does Changzhou Tronly New Electronic Materials (SZSE:300429) Have A Healthy Balance Sheet?
Oct 28Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) 26% Share Price Surge Not Quite Adding Up
Sep 30Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) Shares May Have Run Too Fast Too Soon
Jul 25We Think Changzhou Tronly New Electronic Materials (SZSE:300429) Has A Fair Chunk Of Debt
Jun 24Changzhou Tronly New Electronic Materials Co., Ltd. (SZSE:300429) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Apr 21Subdued Growth No Barrier To Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) Price
Mar 01Financial Position Analysis
Short Term Liabilities: 300429's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥706.5M).
Long Term Liabilities: 300429's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300429's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: 300429's debt to equity ratio has increased from 9.5% to 79.1% over the past 5 years.
Debt Coverage: 300429's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if 300429's interest payments on its debt are well covered by EBIT.