Qingdao Hanhe CableLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Hanhe CableLtd has a total shareholder equity of CN¥8.0B and total debt of CN¥935.6M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are CN¥10.5B and CN¥2.5B respectively. Qingdao Hanhe CableLtd's EBIT is CN¥927.0M making its interest coverage ratio -102. It has cash and short-term investments of CN¥1.5B.
Key information
11.7%
Debt to equity ratio
CN¥935.63m
Debt
Interest coverage ratio | -102x |
Cash | CN¥1.51b |
Equity | CN¥8.03b |
Total liabilities | CN¥2.49b |
Total assets | CN¥10.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002498's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002498's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥142.6M).
Debt to Equity History and Analysis
Debt Level: 002498 has more cash than its total debt.
Reducing Debt: 002498's debt to equity ratio has increased from 1.2% to 11.7% over the past 5 years.
Debt Coverage: 002498's debt is well covered by operating cash flow (114.8%).
Interest Coverage: 002498 earns more interest than it pays, so coverage of interest payments is not a concern.