Newtechwood Balance Sheet Health
Financial Health criteria checks 5/6
Newtechwood has a total shareholder equity of CN¥906.2M and total debt of CN¥488.4M, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are CN¥1.6B and CN¥666.7M respectively. Newtechwood's EBIT is CN¥103.6M making its interest coverage ratio 5.8. It has cash and short-term investments of CN¥346.2M.
Key information
53.9%
Debt to equity ratio
CN¥488.42m
Debt
| Interest coverage ratio | 5.8x |
| Cash | CN¥346.25m |
| Equity | CN¥906.18m |
| Total liabilities | CN¥666.68m |
| Total assets | CN¥1.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301588's short term assets (CN¥927.1M) exceed its short term liabilities (CN¥527.8M).
Long Term Liabilities: 301588's short term assets (CN¥927.1M) exceed its long term liabilities (CN¥138.8M).
Debt to Equity History and Analysis
Debt Level: 301588's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 301588's debt to equity ratio has reduced from 190.3% to 53.9% 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 (5.8x coverage).