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¥1.7B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are CN¥3.3B and CN¥1.7B respectively. Suzhou YourBest New-type MaterialsLtd's EBIT is CN¥180.0M making its interest coverage ratio 8.7. It has cash and short-term investments of CN¥1.0B.
Key information
61.9%
Debt to equity ratio
CN¥1.03b
Debt
Interest coverage ratio | 8.7x |
Cash | CN¥1.00b |
Equity | CN¥1.66b |
Total liabilities | CN¥1.66b |
Total assets | CN¥3.32b |
Recent financial health updates
No updates
Recent updates
We 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¥3.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 301266's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥412.9M).
Debt to Equity History and Analysis
Debt Level: 301266's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: 301266's debt to equity ratio has increased from 32% to 61.9% 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 (8.7x coverage).