CNGR Advanced MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
CNGR Advanced MaterialLtd has a total shareholder equity of CN¥28.9B and total debt of CN¥24.0B, which brings its debt-to-equity ratio to 83.1%. Its total assets and total liabilities are CN¥64.2B and CN¥35.2B respectively. CNGR Advanced MaterialLtd's EBIT is CN¥2.8B making its interest coverage ratio 4.9. It has cash and short-term investments of CN¥12.4B.
Key information
83.1%
Debt to equity ratio
CN¥24.05b
Debt
Interest coverage ratio | 4.9x |
Cash | CN¥12.38b |
Equity | CN¥28.94b |
Total liabilities | CN¥35.24b |
Total assets | CN¥64.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300919's short term assets (CN¥30.6B) exceed its short term liabilities (CN¥15.7B).
Long Term Liabilities: 300919's short term assets (CN¥30.6B) exceed its long term liabilities (CN¥19.6B).
Debt to Equity History and Analysis
Debt Level: 300919's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 300919's debt to equity ratio has reduced from 112.2% to 83.1% over the past 5 years.
Debt Coverage: 300919's debt is well covered by operating cash flow (25.2%).
Interest Coverage: 300919's interest payments on its debt are well covered by EBIT (4.9x coverage).