Hubei Huitian New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Huitian New Materials has a total shareholder equity of CN¥3.0B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are CN¥6.5B and CN¥3.5B respectively. Hubei Huitian New Materials's EBIT is CN¥177.1M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥1.2B.
Key information
68.9%
Debt to equity ratio
CN¥2.04b
Debt
| Interest coverage ratio | 7.3x |
| Cash | CN¥1.21b |
| Equity | CN¥2.97b |
| Total liabilities | CN¥3.50b |
| Total assets | CN¥6.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300041's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 300041's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300041's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: 300041's debt to equity ratio has increased from 14.5% to 68.9% over the past 5 years.
Debt Coverage: 300041's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 300041's interest payments on its debt are well covered by EBIT (7.3x coverage).