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).