Dayu Irrigation GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Dayu Irrigation GroupLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are CN¥8.0B and CN¥5.7B respectively. Dayu Irrigation GroupLtd's EBIT is CN¥193.7M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥1.2B.
Key information
106.6%
Debt to equity ratio
CN¥2.44b
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥1.15b |
Equity | CN¥2.29b |
Total liabilities | CN¥5.67b |
Total assets | CN¥7.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300021's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 300021's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 300021's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: 300021's debt to equity ratio has increased from 60.6% to 106.6% over the past 5 years.
Debt Coverage: 300021's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300021's interest payments on its debt are not well covered by EBIT (2.3x coverage).