HMT (Xiamen) New Technical Materials Balance Sheet Health
Financial Health criteria checks 4/6
HMT (Xiamen) New Technical Materials has a total shareholder equity of CN¥3.9B and total debt of CN¥774.3M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CN¥5.1B and CN¥1.3B respectively. HMT (Xiamen) New Technical Materials's EBIT is CN¥213.8M making its interest coverage ratio -21.2. It has cash and short-term investments of CN¥1.8B.
Key information
20.0%
Debt to equity ratio
CN¥774.31m
Debt
Interest coverage ratio | -21.2x |
Cash | CN¥1.80b |
Equity | CN¥3.87b |
Total liabilities | CN¥1.27b |
Total assets | CN¥5.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603306's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥384.9M).
Long Term Liabilities: 603306's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥881.0M).
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 20% over the past 5 years.
Debt Coverage: 603306's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: 603306 earns more interest than it pays, so coverage of interest payments is not a concern.