Jiangsu Shuangxing Color Plastic New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Shuangxing Color Plastic New Materials has a total shareholder equity of CN¥9.1B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CN¥13.4B and CN¥4.3B respectively.
Key information
16.9%
Debt to equity ratio
CN¥1.53b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥550.93m |
| Equity | CN¥9.05b |
| Total liabilities | CN¥4.31b |
| Total assets | CN¥13.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002585's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002585's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥474.5M).
Debt to Equity History and Analysis
Debt Level: 002585's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 002585's debt to equity ratio has increased from 10.5% to 16.9% over the past 5 years.
Debt Coverage: 002585's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002585's interest payments on its debt are well covered by EBIT.