Guangdong Kitech New Material HoldingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Kitech New Material HoldingLtd has a total shareholder equity of CN¥627.0M and total debt of CN¥76.7M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥808.6M and CN¥181.6M respectively. Guangdong Kitech New Material HoldingLtd's EBIT is CN¥8.0M making its interest coverage ratio -3. It has cash and short-term investments of CN¥75.6M.
Key information
12.2%
Debt to equity ratio
CN¥76.70m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥75.55m |
| Equity | CN¥626.95m |
| Total liabilities | CN¥181.62m |
| Total assets | CN¥808.57m |
Recent financial health updates
No updates
Recent updates
Guangdong Kitech New Material HoldingLtd's (SZSE:300995) Solid Profits Have Weak Fundamentals
Nov 06
The Returns On Capital At Guangdong Kitech New Material HoldingLtd (SZSE:300995) Don't Inspire Confidence
Sep 28Guangdong Kitech New Material HoldingLtd (SZSE:300995) Is Due To Pay A Dividend Of CN¥0.12
Jun 09Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 34% Price Boost Is Out Of Tune With Revenues
Apr 11Weak Statutory Earnings May Not Tell The Whole Story For Guangdong Kitech New Material HoldingLtd (SZSE:300995)
Apr 04Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 25% Share Price Plunge Could Signal Some Risk
Feb 26Financial Position Analysis
Short Term Liabilities: 300995's short term assets (CN¥272.6M) exceed its short term liabilities (CN¥109.3M).
Long Term Liabilities: 300995's short term assets (CN¥272.6M) exceed its long term liabilities (CN¥72.3M).
Debt to Equity History and Analysis
Debt Level: 300995's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: 300995's debt to equity ratio has increased from 2.8% to 12.2% over the past 5 years.
Debt Coverage: 300995's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300995 earns more interest than it pays, so coverage of interest payments is not a concern.