Wuxi Huaguang Environment & Energy GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Wuxi Huaguang Environment & Energy GroupLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥7.3B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are CN¥25.8B and CN¥16.0B respectively. Wuxi Huaguang Environment & Energy GroupLtd's EBIT is CN¥871.8M making its interest coverage ratio -8.1. It has cash and short-term investments of CN¥3.5B.
Key information
73.6%
Debt to equity ratio
CN¥7.25b
Debt
Interest coverage ratio | -8.1x |
Cash | CN¥3.49b |
Equity | CN¥9.86b |
Total liabilities | CN¥15.97b |
Total assets | CN¥25.83b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600475's short term assets (CN¥11.5B) exceed its short term liabilities (CN¥9.7B).
Long Term Liabilities: 600475's short term assets (CN¥11.5B) exceed its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 600475's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: 600475's debt to equity ratio has increased from 35.7% to 73.6% over the past 5 years.
Debt Coverage: 600475's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 600475 earns more interest than it pays, so coverage of interest payments is not a concern.