EIT Environmental Development GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
EIT Environmental Development GroupLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are CN¥7.4B and CN¥3.2B respectively. EIT Environmental Development GroupLtd's EBIT is CN¥953.9M making its interest coverage ratio -169. It has cash and short-term investments of CN¥765.2M.
Key information
35.3%
Debt to equity ratio
CN¥1.49b
Debt
| Interest coverage ratio | -169x |
| Cash | CN¥765.25m |
| Equity | CN¥4.23b |
| Total liabilities | CN¥3.21b |
| Total assets | CN¥7.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300815's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 300815's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥544.1M).
Debt to Equity History and Analysis
Debt Level: 300815's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: 300815's debt to equity ratio has reduced from 90.2% to 35.3% over the past 5 years.
Debt Coverage: 300815's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: 300815 earns more interest than it pays, so coverage of interest payments is not a concern.