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
No updates
Recent updates
Financial 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).