Ningbo Changhong Polymer Scientific and Technical Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Changhong Polymer Scientific and Technical has a total shareholder equity of CN¥2.0B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are CN¥5.0B and CN¥3.0B respectively. Ningbo Changhong Polymer Scientific and Technical's EBIT is CN¥44.2M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥445.5M.
Key information
122.0%
Debt to equity ratio
CN¥2.45b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥445.52m |
| Equity | CN¥2.00b |
| Total liabilities | CN¥3.00b |
| Total assets | CN¥5.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605008's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 605008's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥786.2M).
Debt to Equity History and Analysis
Debt Level: 605008's net debt to equity ratio (99.8%) is considered high.
Reducing Debt: 605008's debt to equity ratio has increased from 14.6% to 122% over the past 5 years.
Debt Coverage: 605008's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 605008's interest payments on its debt are not well covered by EBIT (0.6x coverage).