GuangDong Leary New Material TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
GuangDong Leary New Material TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥119.1M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥1.4B and CN¥279.0M respectively. GuangDong Leary New Material TechnologyLtd's EBIT is CN¥25.4M making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥175.9M.
Key information
10.8%
Debt to equity ratio
CN¥119.14m
Debt
| Interest coverage ratio | -7.1x |
| Cash | CN¥175.94m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥278.96m |
| Total assets | CN¥1.38b |
Recent financial health updates
No updates
Recent updates
GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Profits May Not Reveal Underlying Issues
Nov 04
There's Reason For Concern Over GuangDong Leary New Material Technology Co.,Ltd.'s (SHSE:688683) Massive 46% Price Jump
Oct 09GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Weak Earnings May Only Reveal A Part Of The Whole Picture
May 02Optimistic Investors Push GuangDong Leary New Material Technology Co.,Ltd (SHSE:688683) Shares Up 27% But Growth Is Lacking
Mar 06Financial Position Analysis
Short Term Liabilities: 688683's short term assets (CN¥559.7M) exceed its short term liabilities (CN¥151.7M).
Long Term Liabilities: 688683's short term assets (CN¥559.7M) exceed its long term liabilities (CN¥127.3M).
Debt to Equity History and Analysis
Debt Level: 688683 has more cash than its total debt.
Reducing Debt: 688683's debt to equity ratio has increased from 3% to 10.8% over the past 5 years.
Debt Coverage: 688683's debt is well covered by operating cash flow (41.7%).
Interest Coverage: 688683 earns more interest than it pays, so coverage of interest payments is not a concern.