Daqian Ecology&Environment GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Daqian Ecology&Environment GroupLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥590.2M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are CN¥2.7B and CN¥971.2M respectively.
Key information
33.4%
Debt to equity ratio
CN¥590.20m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥313.65m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥971.17m |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603955's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥636.6M).
Long Term Liabilities: 603955's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥334.6M).
Debt to Equity History and Analysis
Debt Level: 603955's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: 603955's debt to equity ratio has reduced from 72.1% to 33.4% over the past 5 years.
Debt Coverage: 603955's debt is well covered by operating cash flow (23.8%).
Interest Coverage: Insufficient data to determine if 603955's interest payments on its debt are well covered by EBIT.