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¥636.1M and total debt of CN¥53.3M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are CN¥802.3M and CN¥166.2M respectively. Guangdong Kitech New Material HoldingLtd's EBIT is CN¥5.4M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥114.3M.
Key information
8.4%
Debt to equity ratio
CN¥53.32m
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥114.26m |
| Equity | CN¥636.12m |
| Total liabilities | CN¥166.16m |
| Total assets | CN¥802.28m |
Recent financial health updates
No updates
Recent updates
Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 34% Price Boost Is Out Of Tune With Revenues
Apr 11
Weak 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¥369.8M) exceed its short term liabilities (CN¥116.8M).
Long Term Liabilities: 300995's short term assets (CN¥369.8M) exceed its long term liabilities (CN¥49.4M).
Debt to Equity History and Analysis
Debt Level: 300995 has more cash than its total debt.
Reducing Debt: 300995's debt to equity ratio has increased from 1% to 8.4% 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.