Jiangsu Baichuan High-Tech New Materials Balance Sheet Health
Financial Health criteria checks 1/6
Jiangsu Baichuan High-Tech New Materials has a total shareholder equity of CN¥2.4B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 285.1%. Its total assets and total liabilities are CN¥12.3B and CN¥9.9B respectively.
Key information
285.1%
Debt to equity ratio
CN¥6.79b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.39b |
Equity | CN¥2.38b |
Total liabilities | CN¥9.92b |
Total assets | CN¥12.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002455's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥6.7B).
Long Term Liabilities: 002455's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 002455's net debt to equity ratio (226.7%) is considered high.
Reducing Debt: 002455's debt to equity ratio has increased from 65.2% to 285.1% over the past 5 years.
Debt Coverage: 002455's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: Insufficient data to determine if 002455's interest payments on its debt are well covered by EBIT.