Qingdao Hanhe CableLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Hanhe CableLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥12.4B and CN¥4.3B respectively. Qingdao Hanhe CableLtd's EBIT is CN¥593.8M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥3.1B.
Key information
32.3%
Debt to equity ratio
CN¥2.64b
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥3.11b |
| Equity | CN¥8.16b |
| Total liabilities | CN¥4.28b |
| Total assets | CN¥12.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002498's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 002498's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥131.6M).
Debt to Equity History and Analysis
Debt Level: 002498 has more cash than its total debt.
Reducing Debt: 002498's debt to equity ratio has increased from 0% to 32.3% over the past 5 years.
Debt Coverage: 002498's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 002498 earns more interest than it pays, so coverage of interest payments is not a concern.