GuangDong Leary New Material Technology Co.,Ltd.

SHSE:688683 Stock Report

Market Cap: CN¥3.3b

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
CashCN¥175.94m
EquityCN¥1.10b
Total liabilitiesCN¥278.96m
Total assetsCN¥1.38b

Recent financial health updates

No updates

Recent updates

Returns On Capital At GuangDong Leary New Material TechnologyLtd (SHSE:688683) Paint A Concerning Picture

Dec 01
Returns On Capital At GuangDong Leary New Material TechnologyLtd (SHSE:688683) Paint A Concerning Picture

GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Profits May Not Reveal Underlying Issues

Nov 04
GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Profits May Not Reveal Underlying Issues

There's Reason For Concern Over GuangDong Leary New Material Technology Co.,Ltd.'s (SHSE:688683) Massive 46% Price Jump

Oct 09
There's Reason For Concern Over GuangDong Leary New Material Technology Co.,Ltd.'s (SHSE:688683) Massive 46% Price Jump

GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Weak Earnings May Only Reveal A Part Of The Whole Picture

May 02
GuangDong Leary New Material TechnologyLtd's (SHSE:688683) Weak Earnings May Only Reveal A Part Of The Whole Picture

Optimistic Investors Push GuangDong Leary New Material Technology Co.,Ltd (SHSE:688683) Shares Up 27% But Growth Is Lacking

Mar 06
Optimistic Investors Push GuangDong Leary New Material Technology Co.,Ltd (SHSE:688683) Shares Up 27% But Growth Is Lacking

Financial 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.


Balance Sheet


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