Shengtak New Material Balance Sheet Health
Financial Health criteria checks 4/6
Shengtak New Material has a total shareholder equity of CN¥1.1B and total debt of CN¥628.6M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are CN¥2.9B and CN¥1.8B respectively. Shengtak New Material's EBIT is CN¥182.8M making its interest coverage ratio 22.7. It has cash and short-term investments of CN¥309.0M.
Key information
56.8%
Debt to equity ratio
CN¥628.60m
Debt
Interest coverage ratio | 22.7x |
Cash | CN¥308.97m |
Equity | CN¥1.11b |
Total liabilities | CN¥1.77b |
Total assets | CN¥2.88b |
Recent financial health updates
No updates
Recent updates
Shengtak New Material (SZSE:300881) Has Announced That It Will Be Increasing Its Dividend To CN¥0.5528
May 26Here's Why We Think Shengtak New Material (SZSE:300881) Is Well Worth Watching
May 22There May Be Underlying Issues With The Quality Of Shengtak New Material's (SZSE:300881) Earnings
Apr 29Shengtak New Material Co., Ltd (SZSE:300881) Stock Catapults 28% Though Its Price And Business Still Lag The Market
Mar 07Financial Position Analysis
Short Term Liabilities: 300881's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300881's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥243.9M).
Debt to Equity History and Analysis
Debt Level: 300881's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: 300881's debt to equity ratio has increased from 34.1% to 56.8% over the past 5 years.
Debt Coverage: 300881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300881's interest payments on its debt are well covered by EBIT (22.7x coverage).