Nanjing CompTECH Composites Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing CompTECH Composites has a total shareholder equity of CN¥846.3M and total debt of CN¥2.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥928.4M and CN¥82.1M respectively. Nanjing CompTECH Composites's EBIT is CN¥85.1M making its interest coverage ratio -67.5. It has cash and short-term investments of CN¥484.5M.
Key information
0.3%
Debt to equity ratio
CN¥2.43m
Debt
Interest coverage ratio | -67.5x |
Cash | CN¥484.50m |
Equity | CN¥846.33m |
Total liabilities | CN¥82.10m |
Total assets | CN¥928.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301591's short term assets (CN¥761.9M) exceed its short term liabilities (CN¥77.0M).
Long Term Liabilities: 301591's short term assets (CN¥761.9M) exceed its long term liabilities (CN¥5.1M).
Debt to Equity History and Analysis
Debt Level: 301591 has more cash than its total debt.
Reducing Debt: 301591's debt to equity ratio has reduced from 5.6% to 0.3% over the past 5 years.
Debt Coverage: 301591's debt is well covered by operating cash flow (3097.9%).
Interest Coverage: 301591 earns more interest than it pays, so coverage of interest payments is not a concern.