Jiangxi GETO New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Jiangxi GETO New Materials has a total shareholder equity of CN¥1.7B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 109.7%. Its total assets and total liabilities are CN¥5.0B and CN¥3.3B respectively. Jiangxi GETO New Materials's EBIT is CN¥50.9M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥697.1M.
Key information
109.7%
Debt to equity ratio
CN¥1.84b
Debt
Interest coverage ratio | 0.8x |
Cash | CN¥697.09m |
Equity | CN¥1.68b |
Total liabilities | CN¥3.29b |
Total assets | CN¥4.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300986's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300986's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300986's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: 300986's debt to equity ratio has increased from 26.2% to 109.7% over the past 5 years.
Debt Coverage: 300986's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300986's interest payments on its debt are not well covered by EBIT (0.8x coverage).