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¥1.9B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CN¥7.9B and CN¥3.2B respectively. Sobute New Materials's EBIT is CN¥240.6M making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥1.2B.
Key information
39.0%
Debt to equity ratio
CN¥1.87b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥1.19b |
| Equity | CN¥4.78b |
| Total liabilities | CN¥3.15b |
| Total assets | CN¥7.93b |
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¥2.2B).
Long Term Liabilities: 603916's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥957.3M).
Debt to Equity History and Analysis
Debt Level: 603916's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 603916's debt to equity ratio has increased from 37.2% to 39% over the past 5 years.
Debt Coverage: 603916's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 603916's interest payments on its debt are well covered by EBIT (6.4x coverage).