Sobute New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Sobute New Materials has a total shareholder equity of CN¥4.7B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are CN¥8.0B and CN¥3.2B respectively. Sobute New Materials's EBIT is CN¥375.7M making its interest coverage ratio -39.8. It has cash and short-term investments of CN¥1.3B.
Key information
43.6%
Debt to equity ratio
CN¥2.06b
Debt
Interest coverage ratio | -39.8x |
Cash | CN¥1.28b |
Equity | CN¥4.71b |
Total liabilities | CN¥3.25b |
Total assets | CN¥7.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603916's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603916's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603916's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: 603916's debt to equity ratio has increased from 39.4% to 43.6% over the past 5 years.
Debt Coverage: 603916's debt is not well covered by operating cash flow (18%).
Interest Coverage: 603916 earns more interest than it pays, so coverage of interest payments is not a concern.