Anhui Huaqi Environmental Protection & Technology Balance Sheet Health
Financial Health criteria checks 3/6
Anhui Huaqi Environmental Protection & Technology has a total shareholder equity of CN¥845.8M and total debt of CN¥576.2M, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are CN¥1.8B and CN¥933.1M respectively. Anhui Huaqi Environmental Protection & Technology's EBIT is CN¥30.5M making its interest coverage ratio -9.6. It has cash and short-term investments of CN¥115.5M.
Key information
68.1%
Debt to equity ratio
CN¥576.24m
Debt
Interest coverage ratio | -9.6x |
Cash | CN¥115.48m |
Equity | CN¥845.82m |
Total liabilities | CN¥933.07m |
Total assets | CN¥1.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300929's short term assets (CN¥687.6M) exceed its short term liabilities (CN¥416.3M).
Long Term Liabilities: 300929's short term assets (CN¥687.6M) exceed its long term liabilities (CN¥516.7M).
Debt to Equity History and Analysis
Debt Level: 300929's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: 300929's debt to equity ratio has increased from 61.1% to 68.1% over the past 5 years.
Debt Coverage: 300929's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 300929 earns more interest than it pays, so coverage of interest payments is not a concern.