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¥515.8M, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are CN¥3.5B and CN¥1.6B respectively. Hubei Sanxia New Building Materials's EBIT is CN¥137.6M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥456.1M.
Key information
27.4%
Debt to equity ratio
CN¥515.76m
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥456.11m |
| Equity | CN¥1.88b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥3.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600293's short term assets (CN¥904.0M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600293's short term assets (CN¥904.0M) exceed its long term liabilities (CN¥467.2M).
Debt to Equity History and Analysis
Debt Level: 600293's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: 600293's debt to equity ratio has reduced from 33.3% to 27.4% over the past 5 years.
Debt Coverage: 600293's debt is well covered by operating cash flow (26.7%).
Interest Coverage: 600293's interest payments on its debt are well covered by EBIT (6.6x coverage).