Advanced Fiber Resources (Zhuhai) Balance Sheet Health
Financial Health criteria checks 5/6
Advanced Fiber Resources (Zhuhai) has a total shareholder equity of CN¥1.9B and total debt of CN¥191.5M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥2.6B and CN¥679.3M respectively. Advanced Fiber Resources (Zhuhai)'s EBIT is CN¥13.3M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥632.3M.
Key information
10.0%
Debt to equity ratio
CN¥191.52m
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥632.27m |
| Equity | CN¥1.91b |
| Total liabilities | CN¥679.34m |
| Total assets | CN¥2.59b |
Recent financial health updates
Does Advanced Fiber Resources (Zhuhai) (SZSE:300620) Have A Healthy Balance Sheet?
Sep 09
Health Check: How Prudently Does Advanced Fiber Resources (Zhuhai) (SZSE:300620) Use Debt?
May 25Recent updates
Does Advanced Fiber Resources (Zhuhai) (SZSE:300620) Have A Healthy Balance Sheet?
Sep 09Advanced Fiber Resources (Zhuhai), Ltd. (SZSE:300620) Investors Are Less Pessimistic Than Expected
Jul 15Health Check: How Prudently Does Advanced Fiber Resources (Zhuhai) (SZSE:300620) Use Debt?
May 25Why Advanced Fiber Resources (Zhuhai)'s (SZSE:300620) Soft Earnings Are Just The Beginning Of Its Problems
Apr 15Investor Optimism Abounds Advanced Fiber Resources (Zhuhai), Ltd. (SZSE:300620) But Growth Is Lacking
Feb 27Financial Position Analysis
Short Term Liabilities: 300620's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥501.7M).
Long Term Liabilities: 300620's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥177.6M).
Debt to Equity History and Analysis
Debt Level: 300620 has more cash than its total debt.
Reducing Debt: 300620's debt to equity ratio has increased from 0% to 10% over the past 5 years.
Debt Coverage: 300620's debt is well covered by operating cash flow (109%).
Interest Coverage: 300620 earns more interest than it pays, so coverage of interest payments is not a concern.