Guangdong Redwall New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Redwall New Materials has a total shareholder equity of CN¥1.7B and total debt of CN¥580.1M, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are CN¥2.5B and CN¥792.3M respectively. Guangdong Redwall New Materials's EBIT is CN¥86.0M making its interest coverage ratio -14.1. It has cash and short-term investments of CN¥598.8M.
Key information
34.8%
Debt to equity ratio
CN¥580.14m
Debt
Interest coverage ratio | -14.1x |
Cash | CN¥598.79m |
Equity | CN¥1.67b |
Total liabilities | CN¥792.32m |
Total assets | CN¥2.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002809's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥217.1M).
Long Term Liabilities: 002809's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥575.2M).
Debt to Equity History and Analysis
Debt Level: 002809 has more cash than its total debt.
Reducing Debt: 002809's debt to equity ratio has increased from 7.6% to 34.8% over the past 5 years.
Debt Coverage: 002809's debt is well covered by operating cash flow (30%).
Interest Coverage: 002809 earns more interest than it pays, so coverage of interest payments is not a concern.