Advanced Fiber Resources (Zhuhai) Balance Sheet Health
Financial Health criteria checks 5/6
Advanced Fiber Resources (Zhuhai) has a total shareholder equity of CN¥2.0B and total debt of CN¥304.4M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥2.8B and CN¥814.3M respectively. Advanced Fiber Resources (Zhuhai)'s EBIT is CN¥49.6M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥719.6M.
Key information
15.5%
Debt to equity ratio
CN¥304.35m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥719.61m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥814.25m |
| Total assets | CN¥2.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300620's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥496.7M).
Long Term Liabilities: 300620's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥317.6M).
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 15.5% over the past 5 years.
Debt Coverage: 300620's debt is well covered by operating cash flow (62.7%).
Interest Coverage: 300620 earns more interest than it pays, so coverage of interest payments is not a concern.