Zhangjiagang Guangda Special Material Balance Sheet Health
Financial Health criteria checks 2/6
Zhangjiagang Guangda Special Material has a total shareholder equity of CN¥3.9B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are CN¥10.9B and CN¥7.0B respectively. Zhangjiagang Guangda Special Material's EBIT is CN¥98.0M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥498.1M.
Key information
112.9%
Debt to equity ratio
CN¥4.44b
Debt
| Interest coverage ratio | 0.8x |
| Cash | CN¥498.07m |
| Equity | CN¥3.93b |
| Total liabilities | CN¥7.00b |
| Total assets | CN¥10.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688186's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 688186's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 688186's net debt to equity ratio (100.3%) is considered high.
Reducing Debt: 688186's debt to equity ratio has increased from 72.5% to 112.9% over the past 5 years.
Debt Coverage: 688186's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688186's interest payments on its debt are not well covered by EBIT (0.8x coverage).