Newtechwood Balance Sheet Health
Financial Health criteria checks 5/6
Newtechwood has a total shareholder equity of CN¥906.5M and total debt of CN¥444.3M, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are CN¥1.5B and CN¥643.0M respectively. Newtechwood's EBIT is CN¥98.8M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥484.5M.
Key information
49.0%
Debt to equity ratio
CN¥444.28m
Debt
Interest coverage ratio | 5.1x |
Cash | CN¥484.50m |
Equity | CN¥906.46m |
Total liabilities | CN¥642.97m |
Total assets | CN¥1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301588's short term assets (CN¥996.3M) exceed its short term liabilities (CN¥494.5M).
Long Term Liabilities: 301588's short term assets (CN¥996.3M) exceed its long term liabilities (CN¥148.4M).
Debt to Equity History and Analysis
Debt Level: 301588 has more cash than its total debt.
Reducing Debt: 301588's debt to equity ratio has reduced from 215% to 49% over the past 5 years.
Debt Coverage: 301588's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301588's interest payments on its debt are well covered by EBIT (5.1x coverage).