New East New Materials Balance Sheet Health
Financial Health criteria checks 6/6
New East New Materials has a total shareholder equity of CN¥701.6M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥837.8M and CN¥136.2M respectively. New East New Materials's EBIT is CN¥9.5M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥230.4M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥230.41m |
| Equity | CN¥701.62m |
| Total liabilities | CN¥136.18m |
| Total assets | CN¥837.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603110's short term assets (CN¥545.5M) exceed its short term liabilities (CN¥134.1M).
Long Term Liabilities: 603110's short term assets (CN¥545.5M) exceed its long term liabilities (CN¥2.1M).
Debt to Equity History and Analysis
Debt Level: 603110 is debt free.
Reducing Debt: 603110 has no debt compared to 5 years ago when its debt to equity ratio was 6.3%.
Debt Coverage: 603110 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603110 has no debt, therefore coverage of interest payments is not a concern.