Nine Dragons Paper (Holdings) Balance Sheet Health
Financial Health criteria checks 1/6
Nine Dragons Paper (Holdings) has a total shareholder equity of CN¥45.2B and total debt of CN¥61.0B, which brings its debt-to-equity ratio to 135%. Its total assets and total liabilities are CN¥128.9B and CN¥83.7B respectively. Nine Dragons Paper (Holdings)'s EBIT is CN¥366.0M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥7.4B.
Key information
135.0%
Debt to equity ratio
CN¥61.03b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥7.42b |
| Equity | CN¥45.21b |
| Total liabilities | CN¥83.70b |
| Total assets | CN¥128.91b |
Recent financial health updates
Is Nine Dragons Paper (Holdings) (HKG:2689) Using Debt In A Risky Way?
Sep 26
Health Check: How Prudently Does Nine Dragons Paper (Holdings) (HKG:2689) Use Debt?
Mar 06These 4 Measures Indicate That Nine Dragons Paper (Holdings) (HKG:2689) Is Using Debt In A Risky Way
Oct 26These 4 Measures Indicate That Nine Dragons Paper (Holdings) (HKG:2689) Is Using Debt Extensively
May 27Is Nine Dragons Paper (Holdings) (HKG:2689) Using Too Much Debt?
Feb 23Is Nine Dragons Paper (Holdings) (HKG:2689) Using Too Much Debt?
Oct 19Recent updates
Is Nine Dragons Paper (Holdings) (HKG:2689) Using Debt In A Risky Way?
Sep 26Nine Dragons Paper (Holdings) Limited (HKG:2689) Shares Could Be 43% Below Their Intrinsic Value Estimate
Jul 24Health Check: How Prudently Does Nine Dragons Paper (Holdings) (HKG:2689) Use Debt?
Mar 06What Does Nine Dragons Paper (Holdings) Limited's (HKG:2689) Share Price Indicate?
Dec 16Nine Dragons Paper (Holdings) (HKG:2689) Might Be Having Difficulty Using Its Capital Effectively
Nov 25These 4 Measures Indicate That Nine Dragons Paper (Holdings) (HKG:2689) Is Using Debt In A Risky Way
Oct 26Nine Dragons Paper (Holdings) Limited's (HKG:2689) Intrinsic Value Is Potentially 92% Above Its Share Price
Aug 23Nine Dragons Paper (Holdings) (HKG:2689) Has More To Do To Multiply In Value Going Forward
Jul 24These 4 Measures Indicate That Nine Dragons Paper (Holdings) (HKG:2689) Is Using Debt Extensively
May 27Nine Dragons Paper (Holdings) Limited (HKG:2689) Shares Could Be 37% Below Their Intrinsic Value Estimate
Apr 28The Returns At Nine Dragons Paper (Holdings) (HKG:2689) Aren't Growing
Apr 06Is Nine Dragons Paper (Holdings) (HKG:2689) Using Too Much Debt?
Feb 23Nine Dragons Paper (Holdings) Limited's (HKG:2689) Intrinsic Value Is Potentially 56% Above Its Share Price
Jan 27Nine Dragons Paper (Holdings) (HKG:2689) Is Experiencing Growth In Returns On Capital
Dec 27Nine Dragons Paper (Holdings)'s (HKG:2689) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 27Is Nine Dragons Paper (Holdings) (HKG:2689) Using Too Much Debt?
Oct 19The Return Trends At Nine Dragons Paper (Holdings) (HKG:2689) Look Promising
Sep 28Estimating The Fair Value Of Nine Dragons Paper (Holdings) Limited (HKG:2689)
Sep 01Investors Will Want Nine Dragons Paper (Holdings)'s (HKG:2689) Growth In ROCE To Persist
Jun 03An Intrinsic Calculation For Nine Dragons Paper (Holdings) Limited (HKG:2689) Suggests It's 28% Undervalued
Apr 22Is Nine Dragons Paper (Holdings) (HKG:2689) Using Too Much Debt?
Mar 23Will The ROCE Trend At Nine Dragons Paper (Holdings) (HKG:2689) Continue?
Mar 05Is Nine Dragons Paper (Holdings) Limited (HKG:2689) A Smart Pick For Income Investors?
Feb 18
Nine Dragons Paper (Holdings) Limited's (HKG:2689) Stock's On An Uptrend: Are Strong Financials Guiding The Market?
Jan 31Are Investors Undervaluing Nine Dragons Paper (Holdings) Limited (HKG:2689) By 37%?
Jan 11Nine Dragons Paper (Holdings) (HKG:2689) Has Gifted Shareholders With A Fantastic 193% Total Return On Their Investment
Dec 24Nine Dragons Paper (Holdings) Limited (HKG:2689) Passed Our Checks, And It's About To Pay A CN¥0.22 Dividend
Dec 09Returns On Capital - An Important Metric For Nine Dragons Paper (Holdings) (HKG:2689)
Dec 02Financial Position Analysis
Short Term Liabilities: 2689's short term assets (CN¥31.6B) exceed its short term liabilities (CN¥30.4B).
Long Term Liabilities: 2689's short term assets (CN¥31.6B) do not cover its long term liabilities (CN¥53.3B).
Debt to Equity History and Analysis
Debt Level: 2689's net debt to equity ratio (118.6%) is considered high.
Reducing Debt: 2689's debt to equity ratio has increased from 89.8% to 135% over the past 5 years.
Debt Coverage: 2689's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 2689's interest payments on its debt are not well covered by EBIT (0.4x coverage).