Hubei Sanxia New Building Materials Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Sanxia New Building Materials has a total shareholder equity of CN¥1.9B and total debt of CN¥555.0M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CN¥3.6B and CN¥1.7B respectively. Hubei Sanxia New Building Materials's EBIT is CN¥185.8M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥395.3M.
Key information
29.6%
Debt to equity ratio
CN¥554.99m
Debt
Interest coverage ratio | 9.6x |
Cash | CN¥395.31m |
Equity | CN¥1.87b |
Total liabilities | CN¥1.70b |
Total assets | CN¥3.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600293's short term assets (CN¥958.2M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600293's short term assets (CN¥958.2M) exceed its long term liabilities (CN¥458.1M).
Debt to Equity History and Analysis
Debt Level: 600293's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 600293's debt to equity ratio has reduced from 33.6% to 29.6% over the past 5 years.
Debt Coverage: 600293's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 600293's interest payments on its debt are well covered by EBIT (9.6x coverage).