Guangzhou Lushan New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Guangzhou Lushan New Materials has a total shareholder equity of CN¥1.4B and total debt of CN¥979.9M, which brings its debt-to-equity ratio to 71.8%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Guangzhou Lushan New Materials's EBIT is CN¥24.2M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥503.0M.
Key information
71.8%
Debt to equity ratio
CN¥979.90m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥503.03m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥1.34b |
| Total assets | CN¥2.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603051's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥768.6M).
Long Term Liabilities: 603051's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥569.9M).
Debt to Equity History and Analysis
Debt Level: 603051's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 603051's debt to equity ratio has increased from 9% to 71.8% over the past 5 years.
Debt Coverage: 603051's debt is well covered by operating cash flow (38.1%).
Interest Coverage: 603051's interest payments on its debt are not well covered by EBIT (0.6x coverage).