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¥615.6M, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are CN¥2.6B and CN¥914.1M respectively. Guangdong Redwall New Materials's EBIT is CN¥60.5M making its interest coverage ratio -6.5. It has cash and short-term investments of CN¥628.3M.
Key information
37.1%
Debt to equity ratio
CN¥615.58m
Debt
| Interest coverage ratio | -6.5x |
| Cash | CN¥628.33m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥914.15m |
| Total assets | CN¥2.57b |
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¥296.4M).
Long Term Liabilities: 002809's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥617.8M).
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 10.8% to 37.1% over the past 5 years.
Debt Coverage: 002809's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 002809 earns more interest than it pays, so coverage of interest payments is not a concern.