Global New Material International Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Global New Material International Holdings has a total shareholder equity of CN¥4.2B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are CN¥5.9B and CN¥1.6B respectively. Global New Material International Holdings's EBIT is CN¥382.4M making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥3.5B.
Key information
32.7%
Debt to equity ratio
CN¥1.38b
Debt
| Interest coverage ratio | 6.3x |
| Cash | CN¥3.47b |
| Equity | CN¥4.21b |
| Total liabilities | CN¥1.65b |
| Total assets | CN¥5.86b |
Recent financial health updates
No updates
Recent updates
Upgrade: The Latest Revenue Forecasts For Global New Material International Holdings Limited (HKG:6616)
May 08
We Think You Should Be Aware Of Some Concerning Factors In Global New Material International Holdings' (HKG:6616) Earnings
May 06Global New Material International Holdings (HKG:6616) Might Be Having Difficulty Using Its Capital Effectively
Apr 26Global New Material International Holdings (HKG:6616) Will Be Hoping To Turn Its Returns On Capital Around
Jul 27Financial Position Analysis
Short Term Liabilities: 6616's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥847.8M).
Long Term Liabilities: 6616's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥802.0M).
Debt to Equity History and Analysis
Debt Level: 6616 has more cash than its total debt.
Reducing Debt: 6616's debt to equity ratio has reduced from 33.4% to 32.7% over the past 5 years.
Debt Coverage: 6616's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 6616's interest payments on its debt are well covered by EBIT (6.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:01 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Global New Material International Holdings Limited is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhe Wang | Citic Securities Co., Ltd. |
| Wei Liu | Haitong International Research Limited |
| Yijia Han | Industrial Securities Co. Ltd. |