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 ratio | 1.2x |
Cash | CN¥288.02m |
Equity | CN¥775.23m |
Total liabilities | CN¥1.01b |
Total assets | CN¥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).