Jiangsu Changhai Composite Materials Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Changhai Composite Materials has a total shareholder equity of CN¥4.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥6.9B and CN¥2.3B respectively. Jiangsu Changhai Composite Materials's EBIT is CN¥232.0M making its interest coverage ratio -6.9. It has cash and short-term investments of CN¥1.3B.
Key information
24.6%
Debt to equity ratio
CN¥1.12b
Debt
| Interest coverage ratio | -6.9x |
| Cash | CN¥1.33b |
| Equity | CN¥4.57b |
| Total liabilities | CN¥2.29b |
| Total assets | CN¥6.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300196's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300196's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥921.4M).
Debt to Equity History and Analysis
Debt Level: 300196 has more cash than its total debt.
Reducing Debt: 300196's debt to equity ratio has increased from 2.8% to 24.6% over the past 5 years.
Debt Coverage: 300196's debt is well covered by operating cash flow (31.4%).
Interest Coverage: 300196 earns more interest than it pays, so coverage of interest payments is not a concern.