Hunan Oil Pump Balance Sheet Health
Financial Health criteria checks 4/6
Hunan Oil Pump has a total shareholder equity of CN¥1.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are CN¥3.8B and CN¥1.9B respectively. Hunan Oil Pump's EBIT is CN¥240.5M making its interest coverage ratio 10.4. It has cash and short-term investments of CN¥851.9M.
Key information
65.2%
Debt to equity ratio
CN¥1.21b
Debt
| Interest coverage ratio | 10.4x |
| Cash | CN¥851.92m |
| Equity | CN¥1.86b |
| Total liabilities | CN¥1.89b |
| Total assets | CN¥3.75b |
Financial Position Analysis
Short Term Liabilities: 603319's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603319's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥824.2M).
Debt to Equity History and Analysis
Debt Level: 603319's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: 603319's debt to equity ratio has increased from 60.7% to 65.2% over the past 5 years.
Debt Coverage: 603319's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 603319's interest payments on its debt are well covered by EBIT (10.4x coverage).