Nuode New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nuode New MaterialsLtd has a total shareholder equity of CN¥7.3B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 85.5%. Its total assets and total liabilities are CN¥15.5B and CN¥8.2B respectively.
Key information
85.5%
Debt to equity ratio
CN¥6.25b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.60b |
| Equity | CN¥7.31b |
| Total liabilities | CN¥8.23b |
| Total assets | CN¥15.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600110's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥5.3B).
Long Term Liabilities: 600110's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 600110's net debt to equity ratio (49.9%) is considered high.
Reducing Debt: 600110's debt to equity ratio has reduced from 130.8% to 85.5% over the past 5 years.
Debt Coverage: 600110's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600110's interest payments on its debt are well covered by EBIT.