Jiangxi GETO New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Jiangxi GETO New Materials has a total shareholder equity of CN¥1.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 125.8%. Its total assets and total liabilities are CN¥5.0B and CN¥3.4B respectively.
Key information
125.8%
Debt to equity ratio
CN¥2.04b
Debt
Interest coverage ratio | n/a |
Cash | CN¥594.47m |
Equity | CN¥1.62b |
Total liabilities | CN¥3.40b |
Total assets | CN¥5.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300986's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 300986's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥987.8M).
Debt to Equity History and Analysis
Debt Level: 300986's net debt to equity ratio (89%) is considered high.
Reducing Debt: 300986's debt to equity ratio has increased from 40.2% to 125.8% over the past 5 years.
Debt Coverage: 300986's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300986's interest payments on its debt are well covered by EBIT.