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
Returns At Guangdong Haomei New MaterialsLtd (SZSE:002988) Appear To Be Weighed Down
Dec 24
Investors Still Aren't Entirely Convinced By Guangdong Haomei New Materials Co.,Ltd's (SZSE:002988) Revenues Despite 35% Price Jump
Nov 14We 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 15:16 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Guangdong Haomei New Materials Co.,Ltd is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiaogang Zheng | China Merchants Securities Co. Ltd. |
| Zu Xue Qiu | Industrial Securities Co. Ltd. |
| Rongfu Bao | Tianfeng Securities Brokerage Co., Ltd |