Shenzhen Vital New Material Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Vital New Material has a total shareholder equity of CN¥1.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.3B and CN¥202.4M respectively. Shenzhen Vital New Material's EBIT is CN¥78.3M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥590.7M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥590.74m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥202.35m |
| Total assets | CN¥1.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301319's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥198.1M).
Long Term Liabilities: 301319's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥4.3M).
Debt to Equity History and Analysis
Debt Level: 301319 is debt free.
Reducing Debt: 301319 has no debt compared to 5 years ago when its debt to equity ratio was 8.2%.
Debt Coverage: 301319 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301319 has no debt, therefore coverage of interest payments is not a concern.