Guangdong Kitech New Material Holding Co.,Ltd.

SZSE:300995 Stock Report

Market Cap: CN¥1.5b

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
CashCN¥75.55m
EquityCN¥626.95m
Total liabilitiesCN¥181.62m
Total assetsCN¥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
Guangdong Kitech New Material HoldingLtd's (SZSE:300995) Solid Profits Have Weak Fundamentals

The Returns On Capital At Guangdong Kitech New Material HoldingLtd (SZSE:300995) Don't Inspire Confidence

Sep 28
The Returns On Capital At Guangdong Kitech New Material HoldingLtd (SZSE:300995) Don't Inspire Confidence

Guangdong Kitech New Material HoldingLtd (SZSE:300995) Is Due To Pay A Dividend Of CN¥0.12

Jun 09
Guangdong Kitech New Material HoldingLtd (SZSE:300995) Is Due To Pay A Dividend Of CN¥0.12

Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 34% Price Boost Is Out Of Tune With Revenues

Apr 11
Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 34% Price Boost Is Out Of Tune With Revenues

Weak Statutory Earnings May Not Tell The Whole Story For Guangdong Kitech New Material HoldingLtd (SZSE:300995)

Apr 04
Weak Statutory Earnings May Not Tell The Whole Story For Guangdong Kitech New Material HoldingLtd (SZSE:300995)

Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 25% Share Price Plunge Could Signal Some Risk

Feb 26
Guangdong Kitech New Material Holding Co.,Ltd.'s (SZSE:300995) 25% Share Price Plunge Could Signal Some Risk

Financial 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.


Balance Sheet


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