Qingdao CHOHO IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao CHOHO IndustrialLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥533.7M, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are CN¥2.2B and CN¥1.0B respectively. Qingdao CHOHO IndustrialLtd's EBIT is CN¥149.7M making its interest coverage ratio 48.2. It has cash and short-term investments of CN¥232.4M.
Key information
44.9%
Debt to equity ratio
CN¥533.72m
Debt
Interest coverage ratio | 48.2x |
Cash | CN¥232.38m |
Equity | CN¥1.19b |
Total liabilities | CN¥1.02b |
Total assets | CN¥2.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003033's short term assets (CN¥969.0M) exceed its short term liabilities (CN¥376.0M).
Long Term Liabilities: 003033's short term assets (CN¥969.0M) exceed its long term liabilities (CN¥639.4M).
Debt to Equity History and Analysis
Debt Level: 003033's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: 003033's debt to equity ratio has increased from 22.8% to 44.9% over the past 5 years.
Debt Coverage: 003033's debt is well covered by operating cash flow (28.8%).
Interest Coverage: 003033's interest payments on its debt are well covered by EBIT (48.2x coverage).