Sunresin New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sunresin New MaterialsLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥458.7M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥5.8B and CN¥2.0B respectively. Sunresin New MaterialsLtd's EBIT is CN¥933.6M making its interest coverage ratio -235.2. It has cash and short-term investments of CN¥2.2B.
Key information
12.3%
Debt to equity ratio
CN¥458.70m
Debt
| Interest coverage ratio | -235.2x |
| Cash | CN¥2.16b |
| Equity | CN¥3.74b |
| Total liabilities | CN¥2.05b |
| Total assets | CN¥5.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300487's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300487's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥570.3M).
Debt to Equity History and Analysis
Debt Level: 300487 has more cash than its total debt.
Reducing Debt: 300487's debt to equity ratio has reduced from 23.4% to 12.3% over the past 5 years.
Debt Coverage: 300487's debt is well covered by operating cash flow (149%).
Interest Coverage: 300487 earns more interest than it pays, so coverage of interest payments is not a concern.