Zhangjiagang Guangda Special Material Balance Sheet Health
Financial Health criteria checks 2/6
Zhangjiagang Guangda Special Material has a total shareholder equity of CN¥4.0B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 111.8%. Its total assets and total liabilities are CN¥10.9B and CN¥6.9B respectively. Zhangjiagang Guangda Special Material's EBIT is CN¥185.3M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥345.0M.
Key information
111.8%
Debt to equity ratio
CN¥4.45b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥345.00m |
| Equity | CN¥3.98b |
| Total liabilities | CN¥6.90b |
| Total assets | CN¥10.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688186's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 688186's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 688186's net debt to equity ratio (103.1%) is considered high.
Reducing Debt: 688186's debt to equity ratio has increased from 71.2% to 111.8% 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 (1.5x coverage).