GuangDong Leary New Material TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
GuangDong Leary New Material TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥23.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥1.2B and CN¥127.2M respectively. GuangDong Leary New Material TechnologyLtd's EBIT is CN¥30.7M making its interest coverage ratio 590.9. It has cash and short-term investments of CN¥205.4M.
Key information
2.2%
Debt to equity ratio
CN¥22.99m
Debt
| Interest coverage ratio | 590.9x |
| Cash | CN¥205.38m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥127.20m |
| Total assets | CN¥1.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688683's short term assets (CN¥528.7M) exceed its short term liabilities (CN¥110.7M).
Long Term Liabilities: 688683's short term assets (CN¥528.7M) exceed its long term liabilities (CN¥16.5M).
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 reduced from 3.7% to 2.2% over the past 5 years.
Debt Coverage: 688683's debt is well covered by operating cash flow (168.7%).
Interest Coverage: 688683's interest payments on its debt are well covered by EBIT (590.9x coverage).