Suzhou YourBest New-type MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Suzhou YourBest New-type MaterialsLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥934.8M, which brings its debt-to-equity ratio to 56.9%. Its total assets and total liabilities are CN¥3.3B and CN¥1.6B respectively. Suzhou YourBest New-type MaterialsLtd's EBIT is CN¥103.5M making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥832.4M.
Key information
56.9%
Debt to equity ratio
CN¥934.82m
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥832.41m |
| Equity | CN¥1.64b |
| Total liabilities | CN¥1.64b |
| Total assets | CN¥3.28b |
Recent financial health updates
Here's Why Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Has A Meaningful Debt Burden
Nov 26
Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Seems To Use Debt Quite Sensibly
May 23Recent updates
Here's Why Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Has A Meaningful Debt Burden
Nov 26Is Suzhou YourBest New-type Materials Co.,Ltd. (SZSE:301266) Potentially Undervalued?
Aug 07Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Will Pay A Larger Dividend Than Last Year At CN¥0.27
May 24Suzhou YourBest New-type MaterialsLtd (SZSE:301266) Seems To Use Debt Quite Sensibly
May 23We Think You Should Be Aware Of Some Concerning Factors In Suzhou YourBest New-type MaterialsLtd's (SZSE:301266) Earnings
Apr 26Some Suzhou YourBest New-type Materials Co.,Ltd. (SZSE:301266) Analysts Just Made A Major Cut To Next Year's Estimates
Apr 23Be Wary Of Suzhou YourBest New-type MaterialsLtd (SZSE:301266) And Its Returns On Capital
Apr 08Financial Position Analysis
Short Term Liabilities: 301266's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 301266's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥418.7M).
Debt to Equity History and Analysis
Debt Level: 301266's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 301266's debt to equity ratio has increased from 32.7% to 56.9% over the past 5 years.
Debt Coverage: 301266's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301266's interest payments on its debt are well covered by EBIT (4.4x coverage).