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¥496.5M, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are CN¥2.6B and CN¥870.7M respectively.
Key information
28.0%
Debt to equity ratio
CN¥496.54m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥229.96m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥870.75m |
| Total assets | CN¥2.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603955's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥535.3M).
Long Term Liabilities: 603955's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥335.5M).
Debt to Equity History and Analysis
Debt Level: 603955's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: 603955's debt to equity ratio has reduced from 81.6% to 28% over the past 5 years.
Debt Coverage: 603955's debt is well covered by operating cash flow (36.1%).
Interest Coverage: Insufficient data to determine if 603955's interest payments on its debt are well covered by EBIT.