Fujian Acetron New Materials Co., Ltd.

XSEC:300706 Stock Report

Market Cap: CN¥3.1b

Fujian Acetron New Materials Balance Sheet Health

Financial Health criteria checks 2/6

Fujian Acetron New Materials has a total shareholder equity of CN¥775.2M and total debt of CN¥728.8M, which brings its debt-to-equity ratio to 94%. Its total assets and total liabilities are CN¥1.8B and CN¥1.0B respectively. Fujian Acetron New Materials's EBIT is CN¥22.5M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥288.0M.

Key information

94.0%

Debt to equity ratio

CN¥728.78m

Debt

Interest coverage ratio1.2x
CashCN¥288.02m
EquityCN¥775.23m
Total liabilitiesCN¥1.01b
Total assetsCN¥1.78b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 300706's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥902.7M).

Long Term Liabilities: 300706's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥103.4M).


Debt to Equity History and Analysis

Debt Level: 300706's net debt to equity ratio (56.9%) is considered high.

Reducing Debt: 300706's debt to equity ratio has increased from 41.2% to 94% over the past 5 years.

Debt Coverage: 300706's debt is not well covered by operating cash flow (11.6%).

Interest Coverage: 300706's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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