CSD Water Service Balance Sheet Health
Financial Health criteria checks 4/6
CSD Water Service has a total shareholder equity of CN¥1.9B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 80.3%. Its total assets and total liabilities are CN¥4.9B and CN¥3.0B respectively. CSD Water Service's EBIT is CN¥266.2M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥561.8M.
Key information
80.3%
Debt to equity ratio
CN¥1.56b
Debt
Interest coverage ratio | 4.3x |
Cash | CN¥561.77m |
Equity | CN¥1.95b |
Total liabilities | CN¥2.97b |
Total assets | CN¥4.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603903's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603903's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603903's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 603903's debt to equity ratio has reduced from 84.6% to 80.3% over the past 5 years.
Debt Coverage: 603903's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 603903's interest payments on its debt are well covered by EBIT (4.3x coverage).