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¥505.7M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥2.5B and CN¥805.5M respectively. Shandong Kaisheng New MaterialsLtd's EBIT is CN¥88.7M making its interest coverage ratio 8. It has cash and short-term investments of CN¥915.4M.
Key information
30.5%
Debt to equity ratio
CN¥505.67m
Debt
| Interest coverage ratio | 8x |
| Cash | CN¥915.44m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥805.46m |
| Total assets | CN¥2.46b |
Recent financial health updates
Recent updates
We Think That There Are More Issues For Shandong Kaisheng New MaterialsLtd (SZSE:301069) Than Just Sluggish Earnings
Nov 01
Shandong Kaisheng New Materials Co.,Ltd.'s (SZSE:301069) Shares Climb 27% But Its Business Is Yet to Catch Up
Sep 30Unpleasant Surprises Could Be In Store For Shandong Kaisheng New Materials Co.,Ltd.'s (SZSE:301069) Shares
Jun 26Here's Why Shandong Kaisheng New MaterialsLtd (SZSE:301069) Has A Meaningful Debt Burden
May 13Shandong Kaisheng New MaterialsLtd (SZSE:301069) Could Be Struggling To Allocate Capital
Apr 12After Leaping 28% Shandong Kaisheng New Materials Co.,Ltd. (SZSE:301069) Shares Are Not Flying Under The Radar
Mar 07Financial Position Analysis
Short Term Liabilities: 301069's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥296.9M).
Long Term Liabilities: 301069's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥508.5M).
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 30.5% over the past 5 years.
Debt Coverage: 301069's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: 301069's interest payments on its debt are well covered by EBIT (8x coverage).