Shandong Donghong Pipe Industry Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Donghong Pipe Industry has a total shareholder equity of CN¥2.4B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are CN¥4.0B and CN¥1.6B respectively. Shandong Donghong Pipe Industry's EBIT is CN¥236.5M making its interest coverage ratio 10. It has cash and short-term investments of CN¥281.7M.
Key information
43.0%
Debt to equity ratio
CN¥1.02b
Debt
| Interest coverage ratio | 10x |
| Cash | CN¥281.69m |
| Equity | CN¥2.37b |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥3.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603856's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603856's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥318.2M).
Debt to Equity History and Analysis
Debt Level: 603856's net debt to equity ratio (31.1%) is considered satisfactory.
Reducing Debt: 603856's debt to equity ratio has increased from 1% to 43% over the past 5 years.
Debt Coverage: 603856's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: 603856's interest payments on its debt are well covered by EBIT (10x coverage).