China Treasures New Materials Group Balance Sheet Health
Financial Health criteria checks 5/6
China Treasures New Materials Group has a total shareholder equity of CN¥448.1M and total debt of CN¥49.7M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are CN¥558.0M and CN¥109.9M respectively. China Treasures New Materials Group's EBIT is CN¥99.1M making its interest coverage ratio 65.2. It has cash and short-term investments of CN¥315.7M.
Key information
11.1%
Debt to equity ratio
CN¥49.66m
Debt
Interest coverage ratio | 65.2x |
Cash | CN¥315.70m |
Equity | CN¥448.12m |
Total liabilities | CN¥109.92m |
Total assets | CN¥558.05m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2439's short term assets (CN¥445.6M) exceed its short term liabilities (CN¥89.8M).
Long Term Liabilities: 2439's short term assets (CN¥445.6M) exceed its long term liabilities (CN¥20.1M).
Debt to Equity History and Analysis
Debt Level: 2439 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2439's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2439's debt is well covered by operating cash flow (99.3%).
Interest Coverage: 2439's interest payments on its debt are well covered by EBIT (65.2x coverage).