Hangzhou Dadi Haiyang Environmental Protection Balance Sheet Health
Financial Health criteria checks 4/6
Hangzhou Dadi Haiyang Environmental Protection has a total shareholder equity of CN¥814.0M and total debt of CN¥247.5M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are CN¥1.3B and CN¥450.9M respectively. Hangzhou Dadi Haiyang Environmental Protection's EBIT is CN¥50.2M making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥62.0M.
Key information
30.4%
Debt to equity ratio
CN¥247.49m
Debt
| Interest coverage ratio | 7.5x |
| Cash | CN¥61.98m |
| Equity | CN¥813.97m |
| Total liabilities | CN¥450.90m |
| Total assets | CN¥1.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301068's short term assets (CN¥724.4M) exceed its short term liabilities (CN¥326.0M).
Long Term Liabilities: 301068's short term assets (CN¥724.4M) exceed its long term liabilities (CN¥124.9M).
Debt to Equity History and Analysis
Debt Level: 301068's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 301068's debt to equity ratio has increased from 23.6% to 30.4% over the past 5 years.
Debt Coverage: 301068's debt is not well covered by operating cash flow (1%).
Interest Coverage: 301068's interest payments on its debt are well covered by EBIT (7.5x coverage).