Shenzhen Newway Photomask Making Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Newway Photomask Making has a total shareholder equity of CN¥1.3B and total debt of CN¥632.7M, which brings its debt-to-equity ratio to 48%. Its total assets and total liabilities are CN¥2.2B and CN¥856.6M respectively. Shenzhen Newway Photomask Making's EBIT is CN¥177.0M making its interest coverage ratio 19.5. It has cash and short-term investments of CN¥352.6M.
Key information
48.0%
Debt to equity ratio
CN¥632.71m
Debt
| Interest coverage ratio | 19.5x |
| Cash | CN¥352.55m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥856.64m |
| Total assets | CN¥2.18b |
Recent financial health updates
Shenzhen Newway Photomask Making (SHSE:688401) Seems To Use Debt Quite Sensibly
Oct 16
Is Shenzhen Newway Photomask Making (SHSE:688401) A Risky Investment?
Feb 29Recent updates
A Piece Of The Puzzle Missing From Shenzhen Newway Photomask Making Co., Ltd's (SHSE:688401) 28% Share Price Climb
Nov 11We Think You Should Be Aware Of Some Concerning Factors In Shenzhen Newway Photomask Making's (SHSE:688401) Earnings
Nov 07Shenzhen Newway Photomask Making (SHSE:688401) Seems To Use Debt Quite Sensibly
Oct 16Shenzhen Newway Photomask Making (SHSE:688401) Might Have The Makings Of A Multi-Bagger
Aug 08Shenzhen Newway Photomask Making Co., Ltd (SHSE:688401) Doing What It Can To Lift Shares
Apr 22Is Shenzhen Newway Photomask Making (SHSE:688401) A Risky Investment?
Feb 29Financial Position Analysis
Short Term Liabilities: 688401's short term assets (CN¥734.2M) exceed its short term liabilities (CN¥467.9M).
Long Term Liabilities: 688401's short term assets (CN¥734.2M) exceed its long term liabilities (CN¥388.7M).
Debt to Equity History and Analysis
Debt Level: 688401's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 688401's debt to equity ratio has reduced from 129.3% to 48% over the past 5 years.
Debt Coverage: 688401's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 688401's interest payments on its debt are well covered by EBIT (19.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 17:37 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shenzhen Newway Photomask Making Co., Ltd is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jing Fang | Minsheng Securities Co. |
| Fang Wang | Zhongtai Securities Co. Ltd. |