Sanhe Tongfei Refrigeration Balance Sheet Health
Financial Health criteria checks 4/6
Sanhe Tongfei Refrigeration has a total shareholder equity of CN¥1.8B and total debt of CN¥2.5M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥2.1B and CN¥350.2M respectively. Sanhe Tongfei Refrigeration's EBIT is CN¥164.7M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥296.5M.
Key information
0.1%
Debt to equity ratio
CN¥2.50m
Debt
Interest coverage ratio | -18.9x |
Cash | CN¥296.55m |
Equity | CN¥1.78b |
Total liabilities | CN¥350.23m |
Total assets | CN¥2.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300990's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥305.7M).
Long Term Liabilities: 300990's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥44.5M).
Debt to Equity History and Analysis
Debt Level: 300990 has more cash than its total debt.
Reducing Debt: 300990's debt to equity ratio has increased from 0.04% to 0.1% over the past 5 years.
Debt Coverage: 300990's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300990 earns more interest than it pays, so coverage of interest payments is not a concern.