New East New Materials Balance Sheet Health
Financial Health criteria checks 6/6
New East New Materials has a total shareholder equity of CN¥694.6M and total debt of CN¥1,000.0K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥836.8M and CN¥142.2M respectively. New East New Materials's EBIT is CN¥7.2M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥239.5M.
Key information
0.1%
Debt to equity ratio
CN¥1.00m
Debt
| Interest coverage ratio | -2.1x |
| Cash | CN¥239.48m |
| Equity | CN¥694.61m |
| Total liabilities | CN¥142.21m |
| Total assets | CN¥836.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603110's short term assets (CN¥551.2M) exceed its short term liabilities (CN¥140.1M).
Long Term Liabilities: 603110's short term assets (CN¥551.2M) exceed its long term liabilities (CN¥2.1M).
Debt to Equity History and Analysis
Debt Level: 603110 has more cash than its total debt.
Reducing Debt: 603110's debt to equity ratio has reduced from 7.4% to 0.1% over the past 5 years.
Debt Coverage: 603110's debt is well covered by operating cash flow (2532.1%).
Interest Coverage: 603110 earns more interest than it pays, so coverage of interest payments is not a concern.