Zhuzhou Times New Material Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhuzhou Times New Material Technology has a total shareholder equity of CN¥6.6B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CN¥18.6B and CN¥11.9B respectively. Zhuzhou Times New Material Technology's EBIT is CN¥412.2M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥1.6B.
Key information
35.6%
Debt to equity ratio
CN¥2.36b
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥1.60b |
| Equity | CN¥6.65b |
| Total liabilities | CN¥11.95b |
| Total assets | CN¥18.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600458's short term assets (CN¥12.7B) exceed its short term liabilities (CN¥9.4B).
Long Term Liabilities: 600458's short term assets (CN¥12.7B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 600458's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: 600458's debt to equity ratio has reduced from 64.6% to 35.6% over the past 5 years.
Debt Coverage: 600458's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 600458's interest payments on its debt are well covered by EBIT (12.6x coverage).