Malion New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Malion New Materials has a total shareholder equity of CN¥2.3B and total debt of CN¥680.6M, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are CN¥3.5B and CN¥1.2B respectively. Malion New Materials's EBIT is CN¥81.6M making its interest coverage ratio 11.6. It has cash and short-term investments of CN¥294.2M.
Key information
29.1%
Debt to equity ratio
CN¥680.65m
Debt
| Interest coverage ratio | 11.6x |
| Cash | CN¥294.20m |
| Equity | CN¥2.34b |
| Total liabilities | CN¥1.17b |
| Total assets | CN¥3.51b |
Recent financial health updates
No updates
Recent updates
Some May Be Optimistic About Malion New Materials' (SZSE:300586) Earnings
Nov 06
Malion New Materials Co., Ltd.'s (SZSE:300586) Shares Climb 42% But Its Business Is Yet to Catch Up
Oct 08Malion New Materials (SZSE:300586) Is Reinvesting At Lower Rates Of Return
Sep 30Investor Optimism Abounds Malion New Materials Co., Ltd. (SZSE:300586) But Growth Is Lacking
Jun 26Malion New Materials (SZSE:300586) Hasn't Managed To Accelerate Its Returns
Jun 03Malion New Materials' (SZSE:300586) Soft Earnings Are Actually Better Than They Appear
May 05Malion New Materials Co., Ltd. (SZSE:300586) Held Back By Insufficient Growth Even After Shares Climb 31%
Mar 07Financial Position Analysis
Short Term Liabilities: 300586's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥586.7M).
Long Term Liabilities: 300586's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥585.2M).
Debt to Equity History and Analysis
Debt Level: 300586's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: 300586's debt to equity ratio has reduced from 60.1% to 29.1% over the past 5 years.
Debt Coverage: 300586's debt is well covered by operating cash flow (38.6%).
Interest Coverage: 300586's interest payments on its debt are well covered by EBIT (11.6x coverage).