Xi'an Manareco New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xi'an Manareco New MaterialsLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥3.4B and CN¥405.9M respectively. Xi'an Manareco New MaterialsLtd's EBIT is CN¥222.8M making its interest coverage ratio -13.5. It has cash and short-term investments of CN¥1.1B.
Key information
0.7%
Debt to equity ratio
CN¥20.05m
Debt
| Interest coverage ratio | -13.5x |
| Cash | CN¥1.05b |
| Equity | CN¥2.96b |
| Total liabilities | CN¥405.88m |
| Total assets | CN¥3.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688550's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥365.4M).
Long Term Liabilities: 688550's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥40.5M).
Debt to Equity History and Analysis
Debt Level: 688550 has more cash than its total debt.
Reducing Debt: 688550's debt to equity ratio has reduced from 50.2% to 0.7% over the past 5 years.
Debt Coverage: 688550's debt is well covered by operating cash flow (2369.5%).
Interest Coverage: 688550 earns more interest than it pays, so coverage of interest payments is not a concern.