Henglin Home FurnishingsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Henglin Home FurnishingsLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 89.8%. Its total assets and total liabilities are CN¥10.1B and CN¥6.6B respectively. Henglin Home FurnishingsLtd's EBIT is CN¥530.8M making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥1.6B.
Key information
89.8%
Debt to equity ratio
CN¥3.20b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥1.56b |
| Equity | CN¥3.56b |
| Total liabilities | CN¥6.57b |
| Total assets | CN¥10.13b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603661's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 603661's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 603661's net debt to equity ratio (46%) is considered high.
Reducing Debt: 603661's debt to equity ratio has increased from 3% to 89.8% over the past 5 years.
Debt Coverage: 603661's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 603661's interest payments on its debt are well covered by EBIT (6.4x coverage).