NBTM New Materials Group Balance Sheet Health
Financial Health criteria checks 3/6
NBTM New Materials Group has a total shareholder equity of CN¥3.0B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are CN¥6.9B and CN¥3.9B respectively. NBTM New Materials Group's EBIT is CN¥425.2M making its interest coverage ratio 254.5. It has cash and short-term investments of CN¥272.1M.
Key information
87.1%
Debt to equity ratio
CN¥2.62b
Debt
Interest coverage ratio | 254.5x |
Cash | CN¥272.10m |
Equity | CN¥3.00b |
Total liabilities | CN¥3.86b |
Total assets | CN¥6.86b |
Financial Position Analysis
Short Term Liabilities: 600114's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600114's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 600114's net debt to equity ratio (78%) is considered high.
Reducing Debt: 600114's debt to equity ratio has increased from 0% to 87.1% over the past 5 years.
Debt Coverage: 600114's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 600114's interest payments on its debt are well covered by EBIT (254.5x coverage).