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¥2.8B, which brings its debt-to-equity ratio to 91.8%. Its total assets and total liabilities are CN¥6.9B and CN¥3.9B respectively. NBTM New Materials Group's EBIT is CN¥358.2M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥272.1M.
Key information
91.8%
Debt to equity ratio
CN¥2.76b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥272.10m |
Equity | CN¥3.00b |
Total liabilities | CN¥3.86b |
Total assets | CN¥6.86b |
Recent financial health updates
Recent updates
We Ran A Stock Scan For Earnings Growth And NBTM New Materials Group (SHSE:600114) Passed With Ease
Jul 12Investors Continue Waiting On Sidelines For NBTM New Materials Group Co., Ltd. (SHSE:600114)
May 24These 4 Measures Indicate That NBTM New Materials Group (SHSE:600114) Is Using Debt Extensively
Mar 06Financial 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 (82.7%) is considered high.
Reducing Debt: 600114's debt to equity ratio has increased from 0% to 91.8% over the past 5 years.
Debt Coverage: 600114's debt is not well covered by operating cash flow (12%).
Interest Coverage: 600114's interest payments on its debt are well covered by EBIT (3.2x coverage).