Beijing Originwater Technology Balance Sheet Health
Financial Health criteria checks 3/6
Beijing Originwater Technology has a total shareholder equity of CN¥30.2B and total debt of CN¥27.5B, which brings its debt-to-equity ratio to 91.1%. Its total assets and total liabilities are CN¥78.8B and CN¥48.5B respectively. Beijing Originwater Technology's EBIT is CN¥1.1B making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥4.7B.
Key information
91.1%
Debt to equity ratio
CN¥27.54b
Debt
| Interest coverage ratio | -7.2x |
| Cash | CN¥4.70b |
| Equity | CN¥30.24b |
| Total liabilities | CN¥48.52b |
| Total assets | CN¥78.75b |
Financial Position Analysis
Short Term Liabilities: 300070's short term assets (CN¥25.8B) do not cover its short term liabilities (CN¥27.9B).
Long Term Liabilities: 300070's short term assets (CN¥25.8B) exceed its long term liabilities (CN¥20.7B).
Debt to Equity History and Analysis
Debt Level: 300070's net debt to equity ratio (75.6%) is considered high.
Reducing Debt: 300070's debt to equity ratio has reduced from 92.2% to 91.1% over the past 5 years.
Debt Coverage: 300070's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: 300070 earns more interest than it pays, so coverage of interest payments is not a concern.