Anhui Shenjian New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Anhui Shenjian New MaterialsLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 66.2%. Its total assets and total liabilities are CN¥4.6B and CN¥2.3B respectively. Anhui Shenjian New MaterialsLtd's EBIT is CN¥24.0M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥534.4M.
Key information
66.2%
Debt to equity ratio
CN¥1.50b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥534.42m |
| Equity | CN¥2.27b |
| Total liabilities | CN¥2.32b |
| Total assets | CN¥4.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002361's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 002361's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥236.7M).
Debt to Equity History and Analysis
Debt Level: 002361's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: 002361's debt to equity ratio has increased from 55% to 66.2% over the past 5 years.
Debt Coverage: 002361's debt is well covered by operating cash flow (23.8%).
Interest Coverage: 002361's interest payments on its debt are not well covered by EBIT (0.7x coverage).