Qingdao Huicheng Environmental Technology Group Balance Sheet Health
Financial Health criteria checks 2/6
Qingdao Huicheng Environmental Technology Group has a total shareholder equity of CN¥1.4B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 103.8%. Its total assets and total liabilities are CN¥3.5B and CN¥2.0B respectively. Qingdao Huicheng Environmental Technology Group's EBIT is CN¥183.5M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥493.3M.
Key information
103.8%
Debt to equity ratio
CN¥1.50b
Debt
| Interest coverage ratio | 5.5x |
| Cash | CN¥493.28m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥2.02b |
| Total assets | CN¥3.46b |
Recent financial health updates
Recent updates
Qingdao Huicheng Environmental Technology Group Co., Ltd. (SZSE:300779) Looks Just Right With A 38% Price Jump
Apr 22
Why Investors Shouldn't Be Surprised By Qingdao Huicheng Environmental Technology Group Co., Ltd.'s (SZSE:300779) 31% Share Price Surge
Mar 06Is Qingdao Huicheng Environmental Technology Group (SZSE:300779) Using Too Much Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 300779's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥667.1M).
Long Term Liabilities: 300779's short term assets (CN¥1.0B) do not cover its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 300779's net debt to equity ratio (69.6%) is considered high.
Reducing Debt: 300779's debt to equity ratio has increased from 28% to 103.8% over the past 5 years.
Debt Coverage: 300779's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 300779's interest payments on its debt are well covered by EBIT (5.5x coverage).