Sokan New Materials Group Balance Sheet Health
Financial Health criteria checks 5/6
Sokan New Materials Group has a total shareholder equity of CN¥1.3B and total debt of CN¥135.2M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥1.6B and CN¥314.5M respectively. Sokan New Materials Group's EBIT is CN¥94.8M making its interest coverage ratio -34.5. It has cash and short-term investments of CN¥270.6M.
Key information
10.5%
Debt to equity ratio
CN¥135.23m
Debt
| Interest coverage ratio | -34.5x |
| Cash | CN¥270.56m |
| Equity | CN¥1.29b |
| Total liabilities | CN¥314.52m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688157's short term assets (CN¥746.4M) exceed its short term liabilities (CN¥291.5M).
Long Term Liabilities: 688157's short term assets (CN¥746.4M) exceed its long term liabilities (CN¥23.0M).
Debt to Equity History and Analysis
Debt Level: 688157 has more cash than its total debt.
Reducing Debt: 688157's debt to equity ratio has increased from 0.7% to 10.5% over the past 5 years.
Debt Coverage: 688157's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 688157 earns more interest than it pays, so coverage of interest payments is not a concern.