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).