Shenzhen Bromake New Material Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Bromake New Material has a total shareholder equity of CN¥1.6B and total debt of CN¥163.5M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥2.3B and CN¥672.2M respectively. Shenzhen Bromake New Material's EBIT is CN¥37.6M making its interest coverage ratio -59.3. It has cash and short-term investments of CN¥596.6M.
Key information
10.0%
Debt to equity ratio
CN¥163.51m
Debt
| Interest coverage ratio | -59.3x |
| Cash | CN¥596.60m |
| Equity | CN¥1.64b |
| Total liabilities | CN¥672.24m |
| Total assets | CN¥2.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301387's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥578.1M).
Long Term Liabilities: 301387's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥94.2M).
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 15.9% to 10% over the past 5 years.
Debt Coverage: 301387's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 301387 earns more interest than it pays, so coverage of interest payments is not a concern.