DeHua TB New Decoration Material Co.,Ltd

SZSE:002043 Stock Report

Market Cap: CN¥8.9b

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¥3.1B and total debt of CN¥40.6M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥5.8B and CN¥2.7B respectively. DeHua TB New Decoration MaterialLtd's EBIT is CN¥758.0M making its interest coverage ratio -11.9. It has cash and short-term investments of CN¥1.7B.

Key information

1.3%

Debt to equity ratio

CN¥40.56m

Debt

Interest coverage ratio-11.9x
CashCN¥1.67b
EquityCN¥3.06b
Total liabilitiesCN¥2.74b
Total assetsCN¥5.80b

Recent financial health updates

Recent updates

Is DeHua TB New Decoration MaterialLtd (SZSE:002043) Using Too Much Debt?

Oct 01
Is DeHua TB New Decoration MaterialLtd (SZSE:002043) Using Too Much Debt?

Many Would Be Envious Of DeHua TB New Decoration MaterialLtd's (SZSE:002043) Excellent Returns On Capital

Aug 01
Many Would Be Envious Of DeHua TB New Decoration MaterialLtd's (SZSE:002043) Excellent Returns On Capital

Improved Earnings Required Before DeHua TB New Decoration Material Co.,Ltd (SZSE:002043) Shares Find Their Feet

Jul 12
Improved Earnings Required Before DeHua TB New Decoration Material Co.,Ltd (SZSE:002043) Shares Find Their Feet

Investors Shouldn't Be Too Comfortable With DeHua TB New Decoration MaterialLtd's (SZSE:002043) Earnings

May 05
Investors Shouldn't Be Too Comfortable With DeHua TB New Decoration MaterialLtd's (SZSE:002043) Earnings

DeHua TB New Decoration MaterialLtd (SZSE:002043) Is Aiming To Keep Up Its Impressive Returns

Mar 19
DeHua TB New Decoration MaterialLtd (SZSE:002043) Is Aiming To Keep Up Its Impressive Returns

Financial Position Analysis

Short Term Liabilities: 002043's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.7B).

Long Term Liabilities: 002043's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥63.1M).


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 49.4% to 1.3% over the past 5 years.

Debt Coverage: 002043's debt is well covered by operating cash flow (4168.2%).

Interest Coverage: 002043 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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