Hangzhou Star Shuaier Electric Appliance Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Star Shuaier Electric Appliance has a total shareholder equity of CN¥1.8B and total debt of CN¥364.8M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥3.2B and CN¥1.4B respectively. Hangzhou Star Shuaier Electric Appliance's EBIT is CN¥233.4M making its interest coverage ratio 146.3. It has cash and short-term investments of CN¥896.8M.
Key information
20.5%
Debt to equity ratio
CN¥364.79m
Debt
Interest coverage ratio | 146.3x |
Cash | CN¥896.80m |
Equity | CN¥1.78b |
Total liabilities | CN¥1.41b |
Total assets | CN¥3.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002860's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥990.5M).
Long Term Liabilities: 002860's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥418.7M).
Debt to Equity History and Analysis
Debt Level: 002860 has more cash than its total debt.
Reducing Debt: 002860's debt to equity ratio has increased from 0% to 20.5% over the past 5 years.
Debt Coverage: 002860's debt is well covered by operating cash flow (90.9%).
Interest Coverage: 002860's interest payments on its debt are well covered by EBIT (146.3x coverage).