Shenzhen Bromake New Material Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Bromake New Material has a total shareholder equity of CN¥1.7B and total debt of CN¥27.9M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥2.1B and CN¥405.8M respectively. Shenzhen Bromake New Material's EBIT is CN¥87.5M making its interest coverage ratio 67.9. It has cash and short-term investments of CN¥653.1M.
Key information
1.7%
Debt to equity ratio
CN¥27.87m
Debt
Interest coverage ratio | 67.9x |
Cash | CN¥653.11m |
Equity | CN¥1.66b |
Total liabilities | CN¥405.81m |
Total assets | CN¥2.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301387's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥334.2M).
Long Term Liabilities: 301387's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥71.6M).
Debt to Equity History and Analysis
Debt Level: 301387 has more cash than its total debt.
Reducing Debt: 301387's debt to equity ratio has reduced from 18.6% to 1.7% over the past 5 years.
Debt Coverage: 301387's debt is well covered by operating cash flow (269.2%).
Interest Coverage: 301387's interest payments on its debt are well covered by EBIT (67.9x coverage).