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¥2.7B, which brings its debt-to-equity ratio to 120%. Its total assets and total liabilities are CN¥8.2B and CN¥5.9B respectively. Dayu Irrigation GroupLtd's EBIT is CN¥137.1M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥1.2B.
Key information
120.0%
Debt to equity ratio
CN¥2.75b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥1.23b |
| Equity | CN¥2.29b |
| Total liabilities | CN¥5.94b |
| Total assets | CN¥8.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300021's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 300021's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 300021's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: 300021's debt to equity ratio has increased from 67.3% to 120% over the past 5 years.
Debt Coverage: 300021's debt is not well covered by operating cash flow (1.7%).
Interest Coverage: 300021's interest payments on its debt are not well covered by EBIT (1.4x coverage).