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¥1.9B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 77.2%. Its total assets and total liabilities are CN¥3.7B and CN¥1.9B respectively.
Key information
77.2%
Debt to equity ratio
CN¥1.44b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥469.05m |
| Equity | CN¥1.86b |
| Total liabilities | CN¥1.85b |
| Total assets | CN¥3.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300429's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥738.0M).
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 (52%) is considered high.
Reducing Debt: 300429's debt to equity ratio has increased from 9.8% to 77.2% over the past 5 years.
Debt Coverage: 300429's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: Insufficient data to determine if 300429's interest payments on its debt are well covered by EBIT.