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¥4.1B and total debt of CN¥908.8M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are CN¥5.2B and CN¥1.1B respectively. Global New Material International Holdings's EBIT is CN¥309.0M making its interest coverage ratio 6. It has cash and short-term investments of CN¥3.2B.
Key information
22.2%
Debt to equity ratio
CN¥908.84m
Debt
| Interest coverage ratio | 6x |
| Cash | CN¥3.23b |
| Equity | CN¥4.09b |
| Total liabilities | CN¥1.07b |
| Total assets | CN¥5.16b |
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¥3.8B) exceed its short term liabilities (CN¥371.6M).
Long Term Liabilities: 6616's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥698.6M).
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 47.5% to 22.2% over the past 5 years.
Debt Coverage: 6616's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 6616's interest payments on its debt are well covered by EBIT (6x coverage).