Do-Fluoride New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Do-Fluoride New Materials has a total shareholder equity of CN¥11.4B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are CN¥22.5B and CN¥11.1B respectively. Do-Fluoride New Materials's EBIT is CN¥85.1M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥6.0B.
Key information
53.2%
Debt to equity ratio
CN¥6.06b
Debt
| Interest coverage ratio | -3.9x |
| Cash | CN¥6.02b |
| Equity | CN¥11.40b |
| Total liabilities | CN¥11.08b |
| Total assets | CN¥22.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002407's short term assets (CN¥10.5B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 002407's short term assets (CN¥10.5B) exceed its long term liabilities (CN¥4.0B).
Debt to Equity History and Analysis
Debt Level: 002407's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 002407's debt to equity ratio has reduced from 70.9% to 53.2% over the past 5 years.
Debt Coverage: 002407's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002407 earns more interest than it pays, so coverage of interest payments is not a concern.