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¥2.9B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 90.6%. Its total assets and total liabilities are CN¥6.7B and CN¥3.7B respectively. Fujian Haixia Environmental Protection GroupLtd's EBIT is CN¥281.3M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥508.6M.
Key information
90.6%
Debt to equity ratio
CN¥2.66b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥508.60m |
| Equity | CN¥2.93b |
| Total liabilities | CN¥3.72b |
| Total assets | CN¥6.65b |
Financial Position Analysis
Short Term Liabilities: 603817's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603817's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 603817's net debt to equity ratio (73.3%) is considered high.
Reducing Debt: 603817's debt to equity ratio has increased from 78.5% to 90.6% over the past 5 years.
Debt Coverage: 603817's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603817's interest payments on its debt are well covered by EBIT (3.3x coverage).