Innovation New Material Technology Balance Sheet Health
Financial Health criteria checks 4/6
Innovation New Material Technology has a total shareholder equity of CN¥10.7B and total debt of CN¥10.6B, which brings its debt-to-equity ratio to 99.1%. Its total assets and total liabilities are CN¥24.4B and CN¥13.7B respectively. Innovation New Material Technology's EBIT is CN¥1.7B making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥5.8B.
Key information
99.1%
Debt to equity ratio
CN¥10.62b
Debt
| Interest coverage ratio | 5.1x |
| Cash | CN¥5.79b |
| Equity | CN¥10.72b |
| Total liabilities | CN¥13.72b |
| Total assets | CN¥24.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600361's short term assets (CN¥15.6B) exceed its short term liabilities (CN¥11.4B).
Long Term Liabilities: 600361's short term assets (CN¥15.6B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 600361's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: 600361's debt to equity ratio has reduced from 101.5% to 99.1% 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 (5.1x coverage).