CSD Water Service Balance Sheet Health
Financial Health criteria checks 2/6
CSD Water Service has a total shareholder equity of CN¥1.8B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 85.7%. Its total assets and total liabilities are CN¥4.8B and CN¥3.0B respectively. CSD Water Service's EBIT is CN¥187.1M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥500.2M.
Key information
85.7%
Debt to equity ratio
CN¥1.51b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CN¥500.22m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥3.00b |
| Total assets | CN¥4.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603903's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603903's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥928.2M).
Debt to Equity History and Analysis
Debt Level: 603903's net debt to equity ratio (57.3%) is considered high.
Reducing Debt: 603903's debt to equity ratio has increased from 81.8% to 85.7% over the past 5 years.
Debt Coverage: 603903's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 603903's interest payments on its debt are not well covered by EBIT (2.6x coverage).