Harbin Boshi Automation Balance Sheet Health
Financial Health criteria checks 5/6
Harbin Boshi Automation has a total shareholder equity of CN¥3.6B and total debt of CN¥458.3M, which brings its debt-to-equity ratio to 12.7%. Its total assets and total liabilities are CN¥6.6B and CN¥3.1B respectively. Harbin Boshi Automation's EBIT is CN¥637.5M making its interest coverage ratio -23.6. It has cash and short-term investments of CN¥1.1B.
Key information
12.7%
Debt to equity ratio
CN¥458.30m
Debt
Interest coverage ratio | -23.6x |
Cash | CN¥1.13b |
Equity | CN¥3.60b |
Total liabilities | CN¥3.05b |
Total assets | CN¥6.65b |
Financial Position Analysis
Short Term Liabilities: 002698's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 002698's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥633.1M).
Debt to Equity History and Analysis
Debt Level: 002698 has more cash than its total debt.
Reducing Debt: 002698's debt to equity ratio has increased from 2.6% to 12.7% over the past 5 years.
Debt Coverage: 002698's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 002698 earns more interest than it pays, so coverage of interest payments is not a concern.