Suzhou Xianglou New Material Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Xianglou New Material has a total shareholder equity of CN¥1.6B and total debt of CN¥125.1M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are CN¥1.8B and CN¥242.0M respectively. Suzhou Xianglou New Material's EBIT is CN¥226.5M making its interest coverage ratio -88.3. It has cash and short-term investments of CN¥398.1M.
Key information
8.0%
Debt to equity ratio
CN¥125.10m
Debt
Interest coverage ratio | -88.3x |
Cash | CN¥398.08m |
Equity | CN¥1.57b |
Total liabilities | CN¥242.03m |
Total assets | CN¥1.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301160's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥216.7M).
Long Term Liabilities: 301160's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥25.3M).
Debt to Equity History and Analysis
Debt Level: 301160 has more cash than its total debt.
Reducing Debt: 301160's debt to equity ratio has reduced from 27.3% to 8% over the past 5 years.
Debt Coverage: 301160's debt is well covered by operating cash flow (93%).
Interest Coverage: 301160 earns more interest than it pays, so coverage of interest payments is not a concern.