Wankai New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Wankai New Materials has a total shareholder equity of CN¥5.7B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 99%. Its total assets and total liabilities are CN¥14.4B and CN¥8.8B respectively.
Key information
99.0%
Debt to equity ratio
CN¥5.60b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.42b |
| Equity | CN¥5.65b |
| Total liabilities | CN¥8.78b |
| Total assets | CN¥14.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301216's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 301216's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 301216's net debt to equity ratio (56.2%) is considered high.
Reducing Debt: 301216's debt to equity ratio has reduced from 158.4% to 99% over the past 5 years.
Debt Coverage: 301216's debt is well covered by operating cash flow (26.7%).
Interest Coverage: Insufficient data to determine if 301216's interest payments on its debt are well covered by EBIT.