Sunresin New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sunresin New MaterialsLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥489.8M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are CN¥5.8B and CN¥2.2B respectively. Sunresin New MaterialsLtd's EBIT is CN¥850.4M making its interest coverage ratio 268.8. It has cash and short-term investments of CN¥2.3B.
Key information
13.5%
Debt to equity ratio
CN¥489.80m
Debt
| Interest coverage ratio | 268.8x |
| Cash | CN¥2.32b |
| Equity | CN¥3.62b |
| Total liabilities | CN¥2.21b |
| Total assets | CN¥5.83b |
Recent financial health updates
No updates
Recent updates
Sunresin New MaterialsLtd's (SZSE:300487) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 29
Sunresin New Materials Co.,Ltd (SZSE:300487) Analysts Just Slashed This Year's Estimates
Apr 24We Ran A Stock Scan For Earnings Growth And Sunresin New MaterialsLtd (SZSE:300487) Passed With Ease
Apr 15Sunresin New Materials Co.,Ltd's (SZSE:300487) Popularity With Investors Is Under Threat From Overpricing
Mar 13Under The Bonnet, Sunresin New MaterialsLtd's (SZSE:300487) Returns Look Impressive
Feb 27Financial Position Analysis
Short Term Liabilities: 300487's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 300487's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥547.1M).
Debt to Equity History and Analysis
Debt Level: 300487 has more cash than its total debt.
Reducing Debt: 300487's debt to equity ratio has reduced from 49.2% to 13.5% over the past 5 years.
Debt Coverage: 300487's debt is well covered by operating cash flow (125.1%).
Interest Coverage: 300487's interest payments on its debt are well covered by EBIT (268.8x coverage).