Shandong Kaisheng New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Kaisheng New MaterialsLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥489.9M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are CN¥2.5B and CN¥757.5M respectively. Shandong Kaisheng New MaterialsLtd's EBIT is CN¥147.9M making its interest coverage ratio -287.2. It has cash and short-term investments of CN¥974.0M.
Key information
28.9%
Debt to equity ratio
CN¥489.89m
Debt
Interest coverage ratio | -287.2x |
Cash | CN¥973.97m |
Equity | CN¥1.69b |
Total liabilities | CN¥757.49m |
Total assets | CN¥2.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301069's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥264.3M).
Long Term Liabilities: 301069's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥493.2M).
Debt to Equity History and Analysis
Debt Level: 301069 has more cash than its total debt.
Reducing Debt: 301069's debt to equity ratio has increased from 0% to 28.9% over the past 5 years.
Debt Coverage: 301069's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 301069 earns more interest than it pays, so coverage of interest payments is not a concern.