Ningbo Changhong Polymer Scientific and Technical Inc.

XSSC:605008 Stock Report

Market Cap: CN¥7.6b

Ningbo Changhong Polymer Scientific and Technical Balance Sheet Health

Financial Health criteria checks 2/6

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¥58.1M making its interest coverage ratio 3.7. 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 ratio3.7x
CashCN¥445.52m
EquityCN¥2.00b
Total liabilitiesCN¥3.00b
Total assetsCN¥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 well covered by EBIT (3.7x coverage).


Balance Sheet


Discover healthy companies