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 ratio | 3.6x |
Cash | CN¥491.13m |
Equity | CN¥2.81b |
Total liabilities | CN¥3.15b |
Total assets | CN¥5.96b |
Recent financial health updates
No updates
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).