Shenzhen Newway Photomask Making Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Newway Photomask Making has a total shareholder equity of CN¥1.5B and total debt of CN¥465.2M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥2.2B and CN¥704.9M respectively. Shenzhen Newway Photomask Making's EBIT is CN¥193.4M making its interest coverage ratio -76.4. It has cash and short-term investments of CN¥342.6M.
Key information
31.0%
Debt to equity ratio
CN¥465.15m
Debt
Interest coverage ratio | -76.4x |
Cash | CN¥342.61m |
Equity | CN¥1.50b |
Total liabilities | CN¥704.89m |
Total assets | CN¥2.20b |
Financial Position Analysis
Short Term Liabilities: 688401's short term assets (CN¥773.8M) exceed its short term liabilities (CN¥303.0M).
Long Term Liabilities: 688401's short term assets (CN¥773.8M) exceed its long term liabilities (CN¥401.9M).
Debt to Equity History and Analysis
Debt Level: 688401's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: 688401's debt to equity ratio has reduced from 92.4% to 31% over the past 5 years.
Debt Coverage: 688401's debt is well covered by operating cash flow (28.5%).
Interest Coverage: 688401 earns more interest than it pays, so coverage of interest payments is not a concern.