Highbroad Advanced Material (Hefei) Balance Sheet Health
Financial Health criteria checks 2/6
Highbroad Advanced Material (Hefei) has a total shareholder equity of CN¥1.3B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 139.4%. Its total assets and total liabilities are CN¥4.7B and CN¥3.4B respectively.
Key information
139.4%
Debt to equity ratio
CN¥1.81b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥668.80m |
| Equity | CN¥1.30b |
| Total liabilities | CN¥3.40b |
| Total assets | CN¥4.70b |
Financial Position Analysis
Short Term Liabilities: 301321's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 301321's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 301321's net debt to equity ratio (87.8%) is considered high.
Reducing Debt: 301321's debt to equity ratio has increased from 50% to 139.4% over the past 5 years.
Debt Coverage: 301321's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: Insufficient data to determine if 301321's interest payments on its debt are well covered by EBIT.