New East New Materials Balance Sheet Health
Financial Health criteria checks 6/6
New East New Materials has a total shareholder equity of CN¥701.6M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥837.8M and CN¥136.2M respectively. New East New Materials's EBIT is CN¥9.5M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥230.4M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥230.41m |
| Equity | CN¥701.62m |
| Total liabilities | CN¥136.18m |
| Total assets | CN¥837.80m |
Recent financial health updates
No updates
Recent updates
New East New Materials Co., Ltd's (SHSE:603110) Shares Climb 30% But Its Business Is Yet to Catch Up
Nov 27
New East New Materials Co., Ltd's (SHSE:603110) 30% Share Price Surge Not Quite Adding Up
Nov 27New East New Materials' (SHSE:603110) Earnings Might Be Weaker Than You Think
Nov 06New East New Materials Co., Ltd's (SHSE:603110) Shares Climb 27% But Its Business Is Yet to Catch Up
Sep 28Some Investors May Be Worried About New East New Materials' (SHSE:603110) Returns On Capital
Jun 26New East New Materials Co., Ltd's (SHSE:603110) 27% Share Price Plunge Could Signal Some Risk
Jun 03New East New Materials Co., Ltd's (SHSE:603110) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Apr 16There Are Some Reasons To Suggest That New East New Materials' (SHSE:603110) Earnings Are A Poor Reflection Of Profitability
Apr 03Unpleasant Surprises Could Be In Store For New East New Materials Co., Ltd's (SHSE:603110) Shares
Feb 27Financial Position Analysis
Short Term Liabilities: 603110's short term assets (CN¥545.5M) exceed its short term liabilities (CN¥134.1M).
Long Term Liabilities: 603110's short term assets (CN¥545.5M) exceed its long term liabilities (CN¥2.1M).
Debt to Equity History and Analysis
Debt Level: 603110 is debt free.
Reducing Debt: 603110 has no debt compared to 5 years ago when its debt to equity ratio was 6.3%.
Debt Coverage: 603110 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603110 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 21:50 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
New East New Materials Co., Ltd is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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