Fujian Haixia Environmental Protection Group Co.,Ltd.

SHSE:603817 Stock Report

Market Cap: CN¥2.9b

Fujian Haixia Environmental Protection GroupLtd Balance Sheet Health

Financial Health criteria checks 3/6

Fujian Haixia Environmental Protection GroupLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are CN¥6.0B and CN¥3.2B respectively. Fujian Haixia Environmental Protection GroupLtd's EBIT is CN¥272.7M making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥491.1M.

Key information

62.7%

Debt to equity ratio

CN¥1.76b

Debt

Interest coverage ratio3.6x
CashCN¥491.13m
EquityCN¥2.81b
Total liabilitiesCN¥3.15b
Total assetsCN¥5.96b

Recent financial health updates

No updates

Recent updates

Fujian Haixia Environmental Protection Group Co.,Ltd.'s (SHSE:603817) Earnings Are Not Doing Enough For Some Investors

Feb 28
Fujian Haixia Environmental Protection Group Co.,Ltd.'s (SHSE:603817) Earnings Are Not Doing Enough For Some Investors

Financial Position Analysis

Short Term Liabilities: 603817's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: 603817's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.6B).


Debt to Equity History and Analysis

Debt Level: 603817's net debt to equity ratio (45.2%) is considered high.

Reducing Debt: 603817's debt to equity ratio has increased from 45.1% to 62.7% over the past 5 years.

Debt Coverage: 603817's debt is not well covered by operating cash flow (12.1%).

Interest Coverage: 603817's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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