Nine Dragons Paper (Holdings) Balance Sheet Health
Financial Health criteria checks 1/6
Nine Dragons Paper (Holdings) has a total shareholder equity of CN¥48.5B and total debt of CN¥67.2B, which brings its debt-to-equity ratio to 138.6%. Its total assets and total liabilities are CN¥138.4B and CN¥89.9B respectively. Nine Dragons Paper (Holdings)'s EBIT is CN¥2.8B making its interest coverage ratio 2. It has cash and short-term investments of CN¥10.7B.
Key information
138.6%
Debt to equity ratio
CN¥67.18b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥10.68b |
| Equity | CN¥48.48b |
| Total liabilities | CN¥89.89b |
| Total assets | CN¥138.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2689's short term assets (CN¥36.3B) exceed its short term liabilities (CN¥31.2B).
Long Term Liabilities: 2689's short term assets (CN¥36.3B) do not cover its long term liabilities (CN¥58.7B).
Debt to Equity History and Analysis
Debt Level: 2689's net debt to equity ratio (116.5%) is considered high.
Reducing Debt: 2689's debt to equity ratio has increased from 81.6% to 138.6% over the past 5 years.
Debt Coverage: 2689's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2689's interest payments on its debt are not well covered by EBIT (2x coverage).