DeHua TB New Decoration MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
DeHua TB New Decoration MaterialLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥28.4M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥5.3B and CN¥2.0B respectively. DeHua TB New Decoration MaterialLtd's EBIT is CN¥1.1B making its interest coverage ratio -16.6. It has cash and short-term investments of CN¥1.0B.
Key information
0.9%
Debt to equity ratio
CN¥28.43m
Debt
Interest coverage ratio | -16.6x |
Cash | CN¥1.05b |
Equity | CN¥3.34b |
Total liabilities | CN¥1.99b |
Total assets | CN¥5.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002043's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002043's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥63.9M).
Debt to Equity History and Analysis
Debt Level: 002043 has more cash than its total debt.
Reducing Debt: 002043's debt to equity ratio has reduced from 47.2% to 0.9% over the past 5 years.
Debt Coverage: 002043's debt is well covered by operating cash flow (3897.4%).
Interest Coverage: 002043 earns more interest than it pays, so coverage of interest payments is not a concern.