Hubei Xiangyuan New Material Technology Balance Sheet Health
Financial Health criteria checks 4/6
Hubei Xiangyuan New Material Technology has a total shareholder equity of CN¥968.3M and total debt of CN¥465.3M, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are CN¥1.6B and CN¥591.5M respectively. Hubei Xiangyuan New Material Technology's EBIT is CN¥32.4M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥342.0M.
Key information
48.1%
Debt to equity ratio
CN¥465.27m
Debt
| Interest coverage ratio | 3.8x |
| Cash | CN¥342.03m |
| Equity | CN¥968.27m |
| Total liabilities | CN¥591.45m |
| Total assets | CN¥1.56b |
Recent financial health updates
No updates
Recent updates
Hubei Xiangyuan New Material Technology Inc.'s (SZSE:300980) 27% Share Price Surge Not Quite Adding Up
Dec 15
Hubei Xiangyuan New Material Technology Inc.'s (SZSE:300980) 26% Share Price Surge Not Quite Adding Up
Oct 29Investors Interested In Hubei Xiangyuan New Material Technology Inc.'s (SZSE:300980) Earnings
Jul 13Why Hubei Xiangyuan New Material Technology's (SZSE:300980) Shaky Earnings Are Just The Beginning Of Its Problems
May 02Hubei Xiangyuan New Material Technology (SZSE:300980) Will Be Hoping To Turn Its Returns On Capital Around
Feb 28Financial Position Analysis
Short Term Liabilities: 300980's short term assets (CN¥642.9M) exceed its short term liabilities (CN¥127.2M).
Long Term Liabilities: 300980's short term assets (CN¥642.9M) exceed its long term liabilities (CN¥464.2M).
Debt to Equity History and Analysis
Debt Level: 300980's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: 300980's debt to equity ratio has increased from 24.3% to 48.1% over the past 5 years.
Debt Coverage: 300980's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: 300980's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 16:42 |
| End of Day Share Price | 2024/12/23 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
Hubei Xiangyuan New Material Technology Inc. is covered by 2 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 |
|---|---|
| Huaichao Zhuang | Haitong International Research Limited |
| Hairong Liu | Minsheng Securities Co. |