Shandong Longhua New Material Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Longhua New Material has a total shareholder equity of CN¥1.9B and total debt of CN¥811.4M, which brings its debt-to-equity ratio to 42.4%. Its total assets and total liabilities are CN¥3.3B and CN¥1.4B respectively. Shandong Longhua New Material's EBIT is CN¥224.1M making its interest coverage ratio -54.3. It has cash and short-term investments of CN¥1.0B.
Key information
42.4%
Debt to equity ratio
CN¥811.38m
Debt
| Interest coverage ratio | -54.3x |
| Cash | CN¥1.02b |
| Equity | CN¥1.92b |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥3.31b |
Recent financial health updates
Recent updates
Is Shandong Longhua New Material (SZSE:301149) A Risky Investment?
Nov 19
A Piece Of The Puzzle Missing From Shandong Longhua New Material Co., Ltd.'s (SZSE:301149) 38% Share Price Climb
Oct 09Shandong Longhua New Material's (SZSE:301149) Solid Profits Have Weak Fundamentals
Apr 05Even With A 26% Surge, Cautious Investors Are Not Rewarding Shandong Longhua New Material Co., Ltd.'s (SZSE:301149) Performance Completely
Mar 18Some Investors May Be Worried About Shandong Longhua New Material's (SZSE:301149) Returns On Capital
Mar 07Financial Position Analysis
Short Term Liabilities: 301149's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥957.6M).
Long Term Liabilities: 301149's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥434.2M).
Debt to Equity History and Analysis
Debt Level: 301149 has more cash than its total debt.
Reducing Debt: 301149's debt to equity ratio has increased from 0% to 42.4% over the past 5 years.
Debt Coverage: 301149's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 301149 earns more interest than it pays, so coverage of interest payments is not a concern.