Jiangxi Hungpai New Material Balance Sheet Health
Financial Health criteria checks 3/6
Jiangxi Hungpai New Material has a total shareholder equity of CN¥2.1B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 74.1%. Its total assets and total liabilities are CN¥4.0B and CN¥1.9B respectively. Jiangxi Hungpai New Material's EBIT is CN¥32.1M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥1.3B.
Key information
74.1%
Debt to equity ratio
CN¥1.55b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥1.32b |
| Equity | CN¥2.10b |
| Total liabilities | CN¥1.92b |
| Total assets | CN¥4.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605366's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥357.9M).
Long Term Liabilities: 605366's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 605366's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: 605366's debt to equity ratio has increased from 23% to 74.1% over the past 5 years.
Debt Coverage: 605366's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 605366's interest payments on its debt are not well covered by EBIT (1.2x coverage).