Harbin Jiuzhou GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Harbin Jiuzhou GroupLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 102.2%. Its total assets and total liabilities are CN¥7.4B and CN¥4.4B respectively. Harbin Jiuzhou GroupLtd's EBIT is CN¥140.9M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥254.3M.
Key information
102.2%
Debt to equity ratio
CN¥3.04b
Debt
Interest coverage ratio | 2.8x |
Cash | CN¥254.34m |
Equity | CN¥2.98b |
Total liabilities | CN¥4.38b |
Total assets | CN¥7.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300040's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300040's short term assets (CN¥2.0B) do not cover its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 300040's net debt to equity ratio (93.7%) is considered high.
Reducing Debt: 300040's debt to equity ratio has increased from 20.6% to 102.2% over the past 5 years.
Debt Coverage: 300040's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 300040's interest payments on its debt are not well covered by EBIT (2.8x coverage).