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¥4.9B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are CN¥13.4B and CN¥7.7B respectively. Wankai New Materials's EBIT is CN¥165.8M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥2.0B.
Key information
85.2%
Debt to equity ratio
CN¥4.89b
Debt
Interest coverage ratio | -1.9x |
Cash | CN¥2.02b |
Equity | CN¥5.74b |
Total liabilities | CN¥7.71b |
Total assets | CN¥13.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301216's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 301216's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 301216's net debt to equity ratio (50%) is considered high.
Reducing Debt: 301216's debt to equity ratio has reduced from 188.3% to 85.2% over the past 5 years.
Debt Coverage: 301216's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 301216 earns more interest than it pays, so coverage of interest payments is not a concern.