Super-Dragon Engineering Plastics Balance Sheet Health
Financial Health criteria checks 4/6
Super-Dragon Engineering Plastics has a total shareholder equity of CN¥809.2M and total debt of CN¥642.3M, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are CN¥1.7B and CN¥922.4M respectively. Super-Dragon Engineering Plastics's EBIT is CN¥59.1M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥145.7M.
Key information
79.4%
Debt to equity ratio
CN¥642.29m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥145.66m |
| Equity | CN¥809.20m |
| Total liabilities | CN¥922.35m |
| Total assets | CN¥1.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301131's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥813.9M).
Long Term Liabilities: 301131's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥108.5M).
Debt to Equity History and Analysis
Debt Level: 301131's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: 301131's debt to equity ratio has reduced from 95% to 79.4% over the past 5 years.
Debt Coverage: 301131's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301131's interest payments on its debt are well covered by EBIT (3.9x coverage).