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¥520.89m |
Equity | CN¥1.86b |
Total liabilities | CN¥1.85b |
Total assets | CN¥3.71b |
Recent financial health updates
Recent updates
Changzhou 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¥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 (49.2%) 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.