Advanced Technology & Materials Balance Sheet Health
Financial Health criteria checks 6/6
Advanced Technology & Materials has a total shareholder equity of CN¥6.6B and total debt of CN¥795.6M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are CN¥11.3B and CN¥4.8B respectively. Advanced Technology & Materials's EBIT is CN¥240.8M making its interest coverage ratio -15.8. It has cash and short-term investments of CN¥2.0B.
Key information
12.1%
Debt to equity ratio
CN¥795.62m
Debt
Interest coverage ratio | -15.8x |
Cash | CN¥2.03b |
Equity | CN¥6.58b |
Total liabilities | CN¥4.76b |
Total assets | CN¥11.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000969's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 000969's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥811.6M).
Debt to Equity History and Analysis
Debt Level: 000969 has more cash than its total debt.
Reducing Debt: 000969's debt to equity ratio has reduced from 34.3% to 12.1% over the past 5 years.
Debt Coverage: 000969's debt is well covered by operating cash flow (75.2%).
Interest Coverage: 000969 earns more interest than it pays, so coverage of interest payments is not a concern.