HMT (Xiamen) New Technical Materials Balance Sheet Health
Financial Health criteria checks 5/6
HMT (Xiamen) New Technical Materials has a total shareholder equity of CN¥3.8B and total debt of CN¥823.4M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CN¥5.1B and CN¥1.3B respectively. HMT (Xiamen) New Technical Materials's EBIT is CN¥312.8M making its interest coverage ratio 109.4. It has cash and short-term investments of CN¥1.5B.
Key information
21.7%
Debt to equity ratio
CN¥823.36m
Debt
| Interest coverage ratio | 109.4x |
| Cash | CN¥1.49b |
| Equity | CN¥3.80b |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥5.13b |
Recent financial health updates
Here's Why HMT (Xiamen) New Technical Materials (SHSE:603306) Can Manage Its Debt Responsibly
Aug 23
We Think HMT (Xiamen) New Technical Materials (SHSE:603306) Can Stay On Top Of Its Debt
May 24Recent updates
Impressive Earnings May Not Tell The Whole Story For HMT (Xiamen) New Technical Materials (SHSE:603306)
Nov 06Further Upside For HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) Shares Could Introduce Price Risks After 28% Bounce
Nov 01HMT (Xiamen) New Technical Materials' (SHSE:603306) Returns On Capital Not Reflecting Well On The Business
Sep 30The Market Lifts HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306) Shares 26% But It Can Do More
Sep 06Here's Why HMT (Xiamen) New Technical Materials (SHSE:603306) Can Manage Its Debt Responsibly
Aug 23HMT (Xiamen) New Technical Materials' (SHSE:603306) Returns On Capital Not Reflecting Well On The Business
Jun 12We Think HMT (Xiamen) New Technical Materials (SHSE:603306) Can Stay On Top Of Its Debt
May 24HMT (Xiamen) New Technical Materials' (SHSE:603306) Strong Earnings Are Of Good Quality
May 06What HMT (Xiamen) New Technical Materials Co., Ltd's (SHSE:603306) P/E Is Not Telling You
Feb 28Financial Position Analysis
Short Term Liabilities: 603306's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥419.7M).
Long Term Liabilities: 603306's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥914.9M).
Debt to Equity History and Analysis
Debt Level: 603306 has more cash than its total debt.
Reducing Debt: 603306's debt to equity ratio has increased from 0% to 21.7% over the past 5 years.
Debt Coverage: 603306's debt is well covered by operating cash flow (72.6%).
Interest Coverage: 603306's interest payments on its debt are well covered by EBIT (109.4x coverage).