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 |
| Cash | CN¥1.67b |
| Equity | CN¥3.06b |
| Total liabilities | CN¥2.74b |
| Total assets | CN¥5.80b |
Recent financial health updates
Recent updates
Is DeHua TB New Decoration MaterialLtd (SZSE:002043) Using Too Much Debt?
Oct 01
Many Would Be Envious Of DeHua TB New Decoration MaterialLtd's (SZSE:002043) Excellent Returns On Capital
Aug 01Improved Earnings Required Before DeHua TB New Decoration Material Co.,Ltd (SZSE:002043) Shares Find Their Feet
Jul 12Investors Shouldn't Be Too Comfortable With DeHua TB New Decoration MaterialLtd's (SZSE:002043) Earnings
May 05DeHua TB New Decoration MaterialLtd (SZSE:002043) Is Aiming To Keep Up Its Impressive Returns
Mar 19Financial 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.