Wankai New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Wankai New Materials has a total shareholder equity of CN¥5.7B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 76.7%. Its total assets and total liabilities are CN¥12.8B and CN¥7.1B respectively. Wankai New Materials's EBIT is CN¥375.3M making its interest coverage ratio -4.3. It has cash and short-term investments of CN¥2.2B.
Key information
76.7%
Debt to equity ratio
CN¥4.38b
Debt
| Interest coverage ratio | -4.3x |
| Cash | CN¥2.18b |
| Equity | CN¥5.71b |
| Total liabilities | CN¥7.05b |
| Total assets | CN¥12.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301216's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 301216's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 301216's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: 301216's debt to equity ratio has reduced from 226.9% to 76.7% over the past 5 years.
Debt Coverage: 301216's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 301216 earns more interest than it pays, so coverage of interest payments is not a concern.