Innovation New Material Technology Balance Sheet Health
Financial Health criteria checks 4/6
Innovation New Material Technology has a total shareholder equity of CN¥10.6B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 78.8%. Its total assets and total liabilities are CN¥21.9B and CN¥11.4B respectively. Innovation New Material Technology's EBIT is CN¥1.6B making its interest coverage ratio 2338.9. It has cash and short-term investments of CN¥2.8B.
Key information
78.8%
Debt to equity ratio
CN¥8.31b
Debt
| Interest coverage ratio | 2338.9x |
| Cash | CN¥2.84b |
| Equity | CN¥10.55b |
| Total liabilities | CN¥11.38b |
| Total assets | CN¥21.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600361's short term assets (CN¥13.4B) exceed its short term liabilities (CN¥10.0B).
Long Term Liabilities: 600361's short term assets (CN¥13.4B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600361's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: 600361's debt to equity ratio has reduced from 119.4% to 78.8% over the past 5 years.
Debt Coverage: 600361's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600361's interest payments on its debt are well covered by EBIT (2338.9x coverage).