Guangzhou Lushan New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Guangzhou Lushan New Materials has a total shareholder equity of CN¥1.3B and total debt of CN¥959.1M, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are CN¥2.7B and CN¥1.4B respectively. Guangzhou Lushan New Materials's EBIT is CN¥19.8M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥325.9M.
Key information
72.3%
Debt to equity ratio
CN¥959.14m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥325.94m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥1.36b |
| Total assets | CN¥2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603051's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥750.5M).
Long Term Liabilities: 603051's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥607.2M).
Debt to Equity History and Analysis
Debt Level: 603051's net debt to equity ratio (47.7%) is considered high.
Reducing Debt: 603051's debt to equity ratio has increased from 9.6% to 72.3% over the past 5 years.
Debt Coverage: 603051's debt is well covered by operating cash flow (24.9%).
Interest Coverage: 603051's interest payments on its debt are not well covered by EBIT (0.5x coverage).