Sobute New Materials Balance Sheet Health
Financial Health criteria checks 5/6
Sobute New Materials has a total shareholder equity of CN¥4.8B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are CN¥7.9B and CN¥3.1B respectively. Sobute New Materials's EBIT is CN¥284.6M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥1.4B.
Key information
31.4%
Debt to equity ratio
CN¥1.49b
Debt
Interest coverage ratio | 6.8x |
Cash | CN¥1.43b |
Equity | CN¥4.75b |
Total liabilities | CN¥3.15b |
Total assets | CN¥7.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603916's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603916's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603916's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 603916's debt to equity ratio has reduced from 41.6% to 31.4% over the past 5 years.
Debt Coverage: 603916's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 603916's interest payments on its debt are well covered by EBIT (6.8x coverage).