Fujian Acetron New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Fujian Acetron New Materials has a total shareholder equity of CN¥775.2M and total debt of CN¥624.2M, which brings its debt-to-equity ratio to 80.5%. Its total assets and total liabilities are CN¥1.6B and CN¥845.7M respectively. Fujian Acetron New Materials's EBIT is CN¥14.8M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥198.3M.
Key information
80.5%
Debt to equity ratio
CN¥624.22m
Debt
Interest coverage ratio | 0.9x |
Cash | CN¥198.26m |
Equity | CN¥775.19m |
Total liabilities | CN¥845.74m |
Total assets | CN¥1.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300706's short term assets (CN¥875.7M) exceed its short term liabilities (CN¥758.3M).
Long Term Liabilities: 300706's short term assets (CN¥875.7M) exceed its long term liabilities (CN¥87.4M).
Debt to Equity History and Analysis
Debt Level: 300706's net debt to equity ratio (54.9%) is considered high.
Reducing Debt: 300706's debt to equity ratio has increased from 36.5% to 80.5% over the past 5 years.
Debt Coverage: 300706's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300706's interest payments on its debt are not well covered by EBIT (0.9x coverage).