Shandong Xinjufeng Technology Packaging Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Xinjufeng Technology Packaging has a total shareholder equity of CN¥2.5B and total debt of CN¥231.4M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are CN¥3.4B and CN¥890.4M respectively. Shandong Xinjufeng Technology Packaging's EBIT is CN¥195.5M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥453.4M.
Key information
9.2%
Debt to equity ratio
CN¥231.36m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥453.43m |
| Equity | CN¥2.52b |
| Total liabilities | CN¥890.39m |
| Total assets | CN¥3.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301296's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥796.0M).
Long Term Liabilities: 301296's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥94.4M).
Debt to Equity History and Analysis
Debt Level: 301296 has more cash than its total debt.
Reducing Debt: 301296's debt to equity ratio has increased from 7.5% to 9.2% over the past 5 years.
Debt Coverage: 301296's debt is well covered by operating cash flow (135.2%).
Interest Coverage: 301296 earns more interest than it pays, so coverage of interest payments is not a concern.