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¥3.7B and total debt of CN¥798.4M, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are CN¥4.9B and CN¥1.1B respectively. HMT (Xiamen) New Technical Materials's EBIT is CN¥302.1M making its interest coverage ratio 64.7. It has cash and short-term investments of CN¥1.4B.
Key information
21.3%
Debt to equity ratio
CN¥798.41m
Debt
| Interest coverage ratio | 64.7x |
| Cash | CN¥1.44b |
| Equity | CN¥3.74b |
| Total liabilities | CN¥1.13b |
| Total assets | CN¥4.87b |
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
Here'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¥242.4M).
Long Term Liabilities: 603306's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥888.1M).
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 21.3% over the past 5 years.
Debt Coverage: 603306's debt is well covered by operating cash flow (42.2%).
Interest Coverage: 603306's interest payments on its debt are well covered by EBIT (64.7x coverage).