Hynar Water Group Balance Sheet Health
Financial Health criteria checks 2/6
Hynar Water Group has a total shareholder equity of CN¥1.0B and total debt of CN¥788.3M, which brings its debt-to-equity ratio to 76.7%. Its total assets and total liabilities are CN¥2.8B and CN¥1.8B respectively. Hynar Water Group's EBIT is CN¥51.7M making its interest coverage ratio -22.7. It has cash and short-term investments of CN¥102.9M.
Key information
76.7%
Debt to equity ratio
CN¥788.30m
Debt
Interest coverage ratio | -22.7x |
Cash | CN¥102.85m |
Equity | CN¥1.03b |
Total liabilities | CN¥1.75b |
Total assets | CN¥2.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300961's short term assets (CN¥776.7M) do not cover its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300961's short term assets (CN¥776.7M) exceed its long term liabilities (CN¥702.8M).
Debt to Equity History and Analysis
Debt Level: 300961's net debt to equity ratio (66.7%) is considered high.
Reducing Debt: 300961's debt to equity ratio has increased from 26.4% to 76.7% over the past 5 years.
Debt Coverage: 300961's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 300961 earns more interest than it pays, so coverage of interest payments is not a concern.