Sanxiang Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sanxiang Advanced Materials has a total shareholder equity of CN¥1.4B and total debt of CN¥447.9M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are CN¥2.2B and CN¥770.7M respectively. Sanxiang Advanced Materials's EBIT is CN¥92.4M making its interest coverage ratio 67.8. It has cash and short-term investments of CN¥84.6M.
Key information
32.1%
Debt to equity ratio
CN¥447.86m
Debt
| Interest coverage ratio | 67.8x |
| Cash | CN¥84.56m |
| Equity | CN¥1.39b |
| Total liabilities | CN¥770.66m |
| Total assets | CN¥2.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603663's short term assets (CN¥917.8M) exceed its short term liabilities (CN¥731.8M).
Long Term Liabilities: 603663's short term assets (CN¥917.8M) exceed its long term liabilities (CN¥38.9M).
Debt to Equity History and Analysis
Debt Level: 603663's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 603663's debt to equity ratio has reduced from 45.1% to 32.1% over the past 5 years.
Debt Coverage: 603663's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: 603663's interest payments on its debt are well covered by EBIT (67.8x coverage).