Levima Advanced Materials Balance Sheet Health
Financial Health criteria checks 2/6
Levima Advanced Materials has a total shareholder equity of CN¥7.9B and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 110%. Its total assets and total liabilities are CN¥18.5B and CN¥10.6B respectively. Levima Advanced Materials's EBIT is CN¥129.6M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥3.6B.
Key information
110.0%
Debt to equity ratio
CN¥8.65b
Debt
Interest coverage ratio | 1.6x |
Cash | CN¥3.63b |
Equity | CN¥7.87b |
Total liabilities | CN¥10.59b |
Total assets | CN¥18.45b |
Recent financial health updates
Recent updates
We Think That There Are More Issues For Levima Advanced Materials (SZSE:003022) Than Just Sluggish Earnings
Apr 04Levima Advanced Materials (SZSE:003022) May Have Issues Allocating Its Capital
Mar 28After Leaping 33% Levima Advanced Materials Corporation (SZSE:003022) Shares Are Not Flying Under The Radar
Mar 06Levima Advanced Materials (SZSE:003022) Seems To Be Using A Lot Of Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 003022's short term assets (CN¥5.2B) do not cover its short term liabilities (CN¥5.8B).
Long Term Liabilities: 003022's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 003022's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 003022's debt to equity ratio has reduced from 153.8% to 110% over the past 5 years.
Debt Coverage: 003022's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 003022's interest payments on its debt are not well covered by EBIT (1.6x coverage).