Sinolong New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sinolong New Materials has a total shareholder equity of CN¥2.4B and total debt of CN¥206.9M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are CN¥3.6B and CN¥1.3B respectively. Sinolong New Materials's EBIT is CN¥149.1M making its interest coverage ratio -53.5. It has cash and short-term investments of CN¥1.1B.
Key information
8.8%
Debt to equity ratio
CN¥206.94m
Debt
| Interest coverage ratio | -53.5x |
| Cash | CN¥1.06b |
| Equity | CN¥2.35b |
| Total liabilities | CN¥1.27b |
| Total assets | CN¥3.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301565's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 301565's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥218.8M).
Debt to Equity History and Analysis
Debt Level: 301565 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301565's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301565's debt is well covered by operating cash flow (239.6%).
Interest Coverage: 301565 earns more interest than it pays, so coverage of interest payments is not a concern.