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 65.6%. Its total assets and total liabilities are CN¥6.5B and CN¥3.6B respectively. Hubei Huitian New Materials's EBIT is CN¥154.3M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥972.9M.
Key information
65.6%
Debt to equity ratio
CN¥1.96b
Debt
| Interest coverage ratio | 5.1x |
| Cash | CN¥972.93m |
| Equity | CN¥2.99b |
| Total liabilities | CN¥3.55b |
| Total assets | CN¥6.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300041's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 300041's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 300041's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: 300041's debt to equity ratio has increased from 17.2% to 65.6% over the past 5 years.
Debt Coverage: 300041's debt is well covered by operating cash flow (29.9%).
Interest Coverage: 300041's interest payments on its debt are well covered by EBIT (5.1x coverage).