Beijing Beimo High-tech Frictional MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Beijing Beimo High-tech Frictional MaterialLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥300.0M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥4.2B and CN¥1.4B respectively. Beijing Beimo High-tech Frictional MaterialLtd's EBIT is CN¥149.4M making its interest coverage ratio -18. It has cash and short-term investments of CN¥346.0M.
Key information
10.8%
Debt to equity ratio
CN¥300.00m
Debt
| Interest coverage ratio | -18x |
| Cash | CN¥346.00m |
| Equity | CN¥2.77b |
| Total liabilities | CN¥1.44b |
| Total assets | CN¥4.20b |
Recent financial health updates
Recent updates
We Think Beijing Beimo High-tech Frictional MaterialLtd (SZSE:002985) Can Stay On Top Of Its Debt
Jun 21
Is Now The Time To Look At Buying Beijing Beimo High-tech Frictional Material Co.,Ltd (SZSE:002985)?
May 07Investors Could Be Concerned With Beijing Beimo High-tech Frictional MaterialLtd's (SZSE:002985) Returns On Capital
Mar 26Beijing Beimo High-tech Frictional Material Co.,Ltd (SZSE:002985) Doing What It Can To Lift Shares
Feb 27Financial Position Analysis
Short Term Liabilities: 002985's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002985's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥387.3M).
Debt to Equity History and Analysis
Debt Level: 002985 has more cash than its total debt.
Reducing Debt: 002985's debt to equity ratio has increased from 0% to 10.8% over the past 5 years.
Debt Coverage: 002985's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 002985 earns more interest than it pays, so coverage of interest payments is not a concern.