Dalian Huarui Heavy Industry Group Balance Sheet Health
Financial Health criteria checks 4/6
Dalian Huarui Heavy Industry Group has a total shareholder equity of CN¥7.1B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥24.3B and CN¥17.3B respectively. Dalian Huarui Heavy Industry Group's EBIT is CN¥411.1M making its interest coverage ratio 33.3. It has cash and short-term investments of CN¥3.4B.
Key information
23.2%
Debt to equity ratio
CN¥1.64b
Debt
Interest coverage ratio | 33.3x |
Cash | CN¥3.39b |
Equity | CN¥7.07b |
Total liabilities | CN¥17.27b |
Total assets | CN¥24.34b |
Financial Position Analysis
Short Term Liabilities: 002204's short term assets (CN¥18.5B) exceed its short term liabilities (CN¥15.0B).
Long Term Liabilities: 002204's short term assets (CN¥18.5B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002204 has more cash than its total debt.
Reducing Debt: 002204's debt to equity ratio has increased from 11.4% to 23.2% over the past 5 years.
Debt Coverage: 002204's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002204's interest payments on its debt are well covered by EBIT (33.3x coverage).