Baotou INST Magnetic New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Baotou INST Magnetic New Materials has a total shareholder equity of CN¥736.9M and total debt of CN¥274.5M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥1.5B and CN¥731.7M respectively. Baotou INST Magnetic New Materials's EBIT is CN¥209.2M making its interest coverage ratio -51625. It has cash and short-term investments of CN¥301.6M.
Key information
37.2%
Debt to equity ratio
CN¥274.48m
Debt
| Interest coverage ratio | -51625x |
| Cash | CN¥301.64m |
| Equity | CN¥736.88m |
| Total liabilities | CN¥731.73m |
| Total assets | CN¥1.47b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 301622's short term assets (CN¥923.1M) exceed its short term liabilities (CN¥599.9M).
Long Term Liabilities: 301622's short term assets (CN¥923.1M) exceed its long term liabilities (CN¥131.8M).
Debt to Equity History and Analysis
Debt Level: 301622 has more cash than its total debt.
Reducing Debt: 301622's debt to equity ratio has reduced from 62.3% to 37.2% over the past 5 years.
Debt Coverage: 301622's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 301622 earns more interest than it pays, so coverage of interest payments is not a concern.