Sinolong New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sinolong New Materials has a total shareholder equity of CN¥1.6B and total debt of CN¥352.8M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are CN¥2.9B and CN¥1.3B respectively. Sinolong New Materials's EBIT is CN¥228.8M making its interest coverage ratio 258.8. It has cash and short-term investments of CN¥452.1M.
Key information
22.1%
Debt to equity ratio
CN¥352.78m
Debt
| Interest coverage ratio | 258.8x |
| Cash | CN¥452.13m |
| Equity | CN¥1.60b |
| Total liabilities | CN¥1.26b |
| Total assets | CN¥2.86b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 301565's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥986.1M).
Long Term Liabilities: 301565's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥269.8M).
Debt to Equity History and Analysis
Debt Level: 301565 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301565's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301565's debt is well covered by operating cash flow (105.5%).
Interest Coverage: 301565's interest payments on its debt are well covered by EBIT (258.8x coverage).