Shandong Donghong Pipe Industry Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Donghong Pipe Industry has a total shareholder equity of CN¥2.3B and total debt of CN¥682.2M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥3.6B and CN¥1.3B respectively. Shandong Donghong Pipe Industry's EBIT is CN¥212.6M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥249.2M.
Key information
29.7%
Debt to equity ratio
CN¥682.16m
Debt
Interest coverage ratio | 12.6x |
Cash | CN¥249.25m |
Equity | CN¥2.30b |
Total liabilities | CN¥1.32b |
Total assets | CN¥3.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603856's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603856's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥224.9M).
Debt to Equity History and Analysis
Debt Level: 603856's net debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: 603856's debt to equity ratio has increased from 3.3% to 29.7% over the past 5 years.
Debt Coverage: 603856's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 603856's interest payments on its debt are well covered by EBIT (12.6x coverage).