Zhejiang Huayou Cobalt Co., Ltd

SWX:HUAYO Stock Report

Market Cap: US$8.5b

Zhejiang Huayou Cobalt Balance Sheet Health

Financial Health criteria checks 2/6

Zhejiang Huayou Cobalt has a total shareholder equity of CN¥47.5B and total debt of CN¥61.9B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CN¥132.2B and CN¥84.7B respectively. Zhejiang Huayou Cobalt's EBIT is CN¥5.8B making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥18.0B.

Key information

130.3%

Debt to equity ratio

CN¥61.91b

Debt

Interest coverage ratio4.6x
CashCN¥18.02b
EquityCN¥47.50b
Total liabilitiesCN¥84.74b
Total assetsCN¥132.24b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: HUAYO's short term assets (CN¥49.9B) do not cover its short term liabilities (CN¥52.7B).

Long Term Liabilities: HUAYO's short term assets (CN¥49.9B) exceed its long term liabilities (CN¥32.0B).


Debt to Equity History and Analysis

Debt Level: HUAYO's net debt to equity ratio (92.4%) is considered high.

Reducing Debt: HUAYO's debt to equity ratio has increased from 79.3% to 130.3% over the past 5 years.

Debt Coverage: HUAYO's debt is not well covered by operating cash flow (7.8%).

Interest Coverage: HUAYO's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


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