Guangdong Haomei New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Haomei New MaterialsLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 102.7%. Its total assets and total liabilities are CN¥6.2B and CN¥3.6B respectively. Guangdong Haomei New MaterialsLtd's EBIT is CN¥347.3M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥436.7M.
Key information
102.7%
Debt to equity ratio
CN¥2.67b
Debt
| Interest coverage ratio | 4.3x |
| Cash | CN¥436.72m |
| Equity | CN¥2.60b |
| Total liabilities | CN¥3.62b |
| Total assets | CN¥6.22b |
Recent financial health updates
No updates
Recent updates
Investors Still Aren't Entirely Convinced By Guangdong Haomei New Materials Co.,Ltd's (SZSE:002988) Revenues Despite 35% Price Jump
Nov 14
We Think That There Are Issues Underlying Guangdong Haomei New MaterialsLtd's (SZSE:002988) Earnings
Nov 02Investors Holding Back On Guangdong Haomei New Materials Co.,Ltd (SZSE:002988)
Sep 30Returns On Capital At Guangdong Haomei New MaterialsLtd (SZSE:002988) Have Stalled
Apr 28Financial Position Analysis
Short Term Liabilities: 002988's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002988's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002988's net debt to equity ratio (85.9%) is considered high.
Reducing Debt: 002988's debt to equity ratio has increased from 71.4% to 102.7% over the past 5 years.
Debt Coverage: 002988's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 002988's interest payments on its debt are well covered by EBIT (4.3x coverage).