Hunan Boyun New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hunan Boyun New MaterialsLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥250.0M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CN¥2.9B and CN¥740.1M respectively. Hunan Boyun New MaterialsLtd's EBIT is CN¥7.4M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥533.6M.
Key information
11.6%
Debt to equity ratio
CN¥250.00m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥533.62m |
| Equity | CN¥2.16b |
| Total liabilities | CN¥740.13m |
| Total assets | CN¥2.90b |
Recent financial health updates
Recent updates
Here's Why Hunan Boyun New MaterialsLtd (SZSE:002297) Has A Meaningful Debt Burden
May 30
Shareholders Will Be Pleased With The Quality of Hunan Boyun New MaterialsLtd's (SZSE:002297) Earnings
Apr 09Hunan Boyun New Materials Co.,Ltd (SZSE:002297) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 002297's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥623.0M).
Long Term Liabilities: 002297's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥117.2M).
Debt to Equity History and Analysis
Debt Level: 002297 has more cash than its total debt.
Reducing Debt: 002297's debt to equity ratio has reduced from 22.2% to 11.6% over the past 5 years.
Debt Coverage: 002297's debt is well covered by operating cash flow (26.8%).
Interest Coverage: 002297 earns more interest than it pays, so coverage of interest payments is not a concern.