Spic Yuanda Environmental-ProtectionLtd Balance Sheet Health
Financial Health criteria checks 5/6
Spic Yuanda Environmental-ProtectionLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥9.4B and CN¥3.8B respectively. Spic Yuanda Environmental-ProtectionLtd's EBIT is CN¥149.4M making its interest coverage ratio 14.4. It has cash and short-term investments of CN¥660.5M.
Key information
27.3%
Debt to equity ratio
CN¥1.53b
Debt
| Interest coverage ratio | 14.4x |
| Cash | CN¥660.51m |
| Equity | CN¥5.61b |
| Total liabilities | CN¥3.84b |
| Total assets | CN¥9.45b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600292's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600292's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 600292's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: 600292's debt to equity ratio has increased from 23.3% to 27.3% over the past 5 years.
Debt Coverage: 600292's debt is well covered by operating cash flow (48.1%).
Interest Coverage: 600292's interest payments on its debt are well covered by EBIT (14.4x coverage).