Highbroad Advanced Material (Hefei) Balance Sheet Health
Financial Health criteria checks 2/6
Highbroad Advanced Material (Hefei) has a total shareholder equity of CN¥1.2B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are CN¥4.9B and CN¥3.7B respectively.
Key information
131.0%
Debt to equity ratio
CN¥1.59b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥657.68m |
| Equity | CN¥1.21b |
| Total liabilities | CN¥3.72b |
| Total assets | CN¥4.94b |
Recent financial health updates
No updates
Recent updates
Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) Held Back By Insufficient Growth Even After Shares Climb 26%
Sep 27
Lacklustre Performance Is Driving Highbroad Advanced Material (Hefei) Co., Ltd.'s (SZSE:301321) Low P/S
Jun 26Highbroad Advanced Material (Hefei)'s (SZSE:301321) Solid Profits Have Weak Fundamentals
May 02Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) Stock Catapults 32% Though Its Price And Business Still Lag The Industry
Mar 07Financial Position Analysis
Short Term Liabilities: 301321's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 301321's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 301321's net debt to equity ratio (76.8%) is considered high.
Reducing Debt: 301321's debt to equity ratio has increased from 51.5% to 131% over the past 5 years.
Debt Coverage: 301321's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: Insufficient data to determine if 301321's interest payments on its debt are well covered by EBIT.