Dalian Huarui Heavy Industry Group Balance Sheet Health
Financial Health criteria checks 4/6
Dalian Huarui Heavy Industry Group has a total shareholder equity of CN¥7.1B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CN¥25.1B and CN¥18.0B respectively. Dalian Huarui Heavy Industry Group's EBIT is CN¥349.0M making its interest coverage ratio -34.8. It has cash and short-term investments of CN¥3.2B.
Key information
24.5%
Debt to equity ratio
CN¥1.74b
Debt
Interest coverage ratio | -34.8x |
Cash | CN¥3.18b |
Equity | CN¥7.11b |
Total liabilities | CN¥17.96b |
Total assets | CN¥25.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002204's short term assets (CN¥18.8B) exceed its short term liabilities (CN¥15.9B).
Long Term Liabilities: 002204's short term assets (CN¥18.8B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 002204 has more cash than its total debt.
Reducing Debt: 002204's debt to equity ratio has increased from 9.1% to 24.5% over the past 5 years.
Debt Coverage: 002204's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: 002204 earns more interest than it pays, so coverage of interest payments is not a concern.