Yangzhou Chenhua New Material Balance Sheet Health
Financial Health criteria checks 5/6
Yangzhou Chenhua New Material has a total shareholder equity of CN¥1.1B and total debt of CN¥80.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are CN¥1.6B and CN¥404.4M respectively. Yangzhou Chenhua New Material's EBIT is CN¥34.2M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥670.9M.
Key information
7.0%
Debt to equity ratio
CN¥80.00m
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥670.93m |
Equity | CN¥1.15b |
Total liabilities | CN¥404.40m |
Total assets | CN¥1.55b |
Financial Position Analysis
Short Term Liabilities: 300610's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥336.7M).
Long Term Liabilities: 300610's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥67.7M).
Debt to Equity History and Analysis
Debt Level: 300610 has more cash than its total debt.
Reducing Debt: 300610's debt to equity ratio has increased from 0% to 7% over the past 5 years.
Debt Coverage: 300610's debt is well covered by operating cash flow (71.3%).
Interest Coverage: 300610 earns more interest than it pays, so coverage of interest payments is not a concern.