Hunan Boyun New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hunan Boyun New MaterialsLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥205.0M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥2.8B and CN¥685.3M respectively. Hunan Boyun New MaterialsLtd's EBIT is CN¥23.7M making its interest coverage ratio -27.6. It has cash and short-term investments of CN¥471.3M.
Key information
9.5%
Debt to equity ratio
CN¥205.00m
Debt
| Interest coverage ratio | -27.6x |
| Cash | CN¥471.34m |
| Equity | CN¥2.15b |
| Total liabilities | CN¥685.32m |
| Total assets | CN¥2.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002297's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥552.9M).
Long Term Liabilities: 002297's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥132.4M).
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 22.3% to 9.5% over the past 5 years.
Debt Coverage: 002297's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 002297 earns more interest than it pays, so coverage of interest payments is not a concern.