Fujian Yuanxiang New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Yuanxiang New MaterialsLtd has a total shareholder equity of CN¥816.1M and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥951.2M and CN¥135.1M respectively. Fujian Yuanxiang New MaterialsLtd's EBIT is CN¥24.8M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥543.6M.
Key information
2.5%
Debt to equity ratio
CN¥20.01m
Debt
Interest coverage ratio | -2.7x |
Cash | CN¥543.58m |
Equity | CN¥816.05m |
Total liabilities | CN¥135.12m |
Total assets | CN¥951.17m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301300's short term assets (CN¥798.7M) exceed its short term liabilities (CN¥128.6M).
Long Term Liabilities: 301300's short term assets (CN¥798.7M) exceed its long term liabilities (CN¥6.5M).
Debt to Equity History and Analysis
Debt Level: 301300 has more cash than its total debt.
Reducing Debt: 301300's debt to equity ratio has reduced from 43.9% to 2.5% over the past 5 years.
Debt Coverage: 301300's debt is well covered by operating cash flow (265.2%).
Interest Coverage: 301300 earns more interest than it pays, so coverage of interest payments is not a concern.