Hangzhou Dadi Haiyang Environmental Protection Co., Ltd.

SZSE:301068 Stock Report

Market Cap: CN¥3.6b

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¥834.3M and total debt of CN¥294.3M, which brings its debt-to-equity ratio to 35.3%. Its total assets and total liabilities are CN¥1.4B and CN¥518.1M respectively. Hangzhou Dadi Haiyang Environmental Protection's EBIT is CN¥69.6M making its interest coverage ratio 8.4. It has cash and short-term investments of CN¥88.3M.

Key information

35.3%

Debt to equity ratio

CN¥294.26m

Debt

Interest coverage ratio8.4x
CashCN¥88.30m
EquityCN¥834.28m
Total liabilitiesCN¥518.08m
Total assetsCN¥1.35b

Recent financial health updates

No updates

Recent updates

Hangzhou Dadi Haiyang Environmental Protection Co., Ltd.'s (SZSE:301068) 30% Share Price Surge Not Quite Adding Up

Sep 30
Hangzhou Dadi Haiyang Environmental Protection Co., Ltd.'s (SZSE:301068) 30% Share Price Surge Not Quite Adding Up

Some Shareholders Feeling Restless Over Hangzhou Dadi Haiyang Environmental Protection Co., Ltd.'s (SZSE:301068) P/E Ratio

Aug 08
Some Shareholders Feeling Restless Over Hangzhou Dadi Haiyang Environmental Protection Co., Ltd.'s (SZSE:301068) P/E Ratio

We Think That There Are Some Issues For Hangzhou Dadi Haiyang Environmental Protection (SZSE:301068) Beyond Its Promising Earnings

Apr 15
We Think That There Are Some Issues For Hangzhou Dadi Haiyang Environmental Protection (SZSE:301068) Beyond Its Promising Earnings

Earnings Not Telling The Story For Hangzhou Dadi Haiyang Environmental Protection Co., Ltd. (SZSE:301068) After Shares Rise 28%

Apr 03
Earnings Not Telling The Story For Hangzhou Dadi Haiyang Environmental Protection Co., Ltd. (SZSE:301068) After Shares Rise 28%

Financial Position Analysis

Short Term Liabilities: 301068's short term assets (CN¥818.9M) exceed its short term liabilities (CN¥394.2M).

Long Term Liabilities: 301068's short term assets (CN¥818.9M) exceed its long term liabilities (CN¥123.9M).


Debt to Equity History and Analysis

Debt Level: 301068's net debt to equity ratio (24.7%) is considered satisfactory.

Reducing Debt: 301068's debt to equity ratio has increased from 29.1% to 35.3% over the past 5 years.

Debt Coverage: 301068's debt is not well covered by operating cash flow (11.9%).

Interest Coverage: 301068's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


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