Changzhou Fusion New Material Balance Sheet Health
Financial Health criteria checks 5/6
Changzhou Fusion New Material has a total shareholder equity of CN¥4.7B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are CN¥7.7B and CN¥3.0B respectively. Changzhou Fusion New Material's EBIT is CN¥584.3M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥1.8B.
Key information
51.8%
Debt to equity ratio
CN¥2.44b
Debt
| Interest coverage ratio | -13.9x |
| Cash | CN¥1.81b |
| Equity | CN¥4.70b |
| Total liabilities | CN¥3.01b |
| Total assets | CN¥7.71b |
Financial Position Analysis
Short Term Liabilities: 688503's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 688503's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥26.9M).
Debt to Equity History and Analysis
Debt Level: 688503's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 688503's debt to equity ratio has reduced from 72.7% to 51.8% over the past 5 years.
Debt Coverage: 688503's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688503 earns more interest than it pays, so coverage of interest payments is not a concern.