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¥496.3M and total debt of CN¥59.4M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are CN¥634.1M and CN¥137.8M respectively. China Treasures New Materials Group's EBIT is CN¥108.8M making its interest coverage ratio 67.6. It has cash and short-term investments of CN¥381.7M.
Key information
12.0%
Debt to equity ratio
CN¥59.44m
Debt
| Interest coverage ratio | 67.6x |
| Cash | CN¥381.71m |
| Equity | CN¥496.28m |
| Total liabilities | CN¥137.81m |
| Total assets | CN¥634.09m |
Recent financial health updates
China Treasures New Materials Group (HKG:2439) Has A Rock Solid Balance Sheet
Oct 14
These 4 Measures Indicate That China Treasures New Materials Group (HKG:2439) Is Using Debt Safely
May 06Recent updates
China Treasures New Materials Group (HKG:2439) Has A Rock Solid Balance Sheet
Oct 14China Treasures New Materials Group (HKG:2439) May Have Issues Allocating Its Capital
Aug 21These 4 Measures Indicate That China Treasures New Materials Group (HKG:2439) Is Using Debt Safely
May 06China Treasures New Materials Group's (HKG:2439) Shareholders Have More To Worry About Than Only Soft Earnings
Sep 29A Look At The Intrinsic Value Of China Treasures New Materials Group Ltd. (HKG:2439)
Aug 29Financial Position Analysis
Short Term Liabilities: 2439's short term assets (CN¥525.2M) exceed its short term liabilities (CN¥128.0M).
Long Term Liabilities: 2439's short term assets (CN¥525.2M) exceed its long term liabilities (CN¥9.8M).
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 (199.1%).
Interest Coverage: 2439's interest payments on its debt are well covered by EBIT (67.6x coverage).