Guangzhou Newlife New Material Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Newlife New Material has a total shareholder equity of CN¥2.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.2B and CN¥154.4M respectively. Guangzhou Newlife New Material's EBIT is CN¥119.3M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥901.6M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥901.65m |
| Equity | CN¥2.06b |
| Total liabilities | CN¥154.37m |
| Total assets | CN¥2.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301323's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥135.6M).
Long Term Liabilities: 301323's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥18.8M).
Debt to Equity History and Analysis
Debt Level: 301323 is debt free.
Reducing Debt: 301323 has no debt compared to 5 years ago when its debt to equity ratio was 3.3%.
Debt Coverage: 301323 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301323 has no debt, therefore coverage of interest payments is not a concern.