Dongguan Huali IndustriesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Dongguan Huali IndustriesLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥446.6M, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are CN¥2.0B and CN¥618.7M respectively. Dongguan Huali IndustriesLtd's EBIT is CN¥31.6M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥358.4M.
Key information
32.5%
Debt to equity ratio
CN¥446.61m
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥358.36m |
Equity | CN¥1.37b |
Total liabilities | CN¥618.71m |
Total assets | CN¥1.99b |
Recent financial health updates
No updates
Recent updates
We Think You Can Look Beyond Dongguan Huali IndustriesLtd's (SHSE:603038) Lackluster Earnings
May 02Dongguan Huali Industries Co.,Ltd's (SHSE:603038) Popularity With Investors Under Threat As Stock Sinks 26%
Apr 21There's Reason For Concern Over Dongguan Huali Industries Co.,Ltd's (SHSE:603038) Price
Mar 02Financial Position Analysis
Short Term Liabilities: 603038's short term assets (CN¥643.6M) exceed its short term liabilities (CN¥170.0M).
Long Term Liabilities: 603038's short term assets (CN¥643.6M) exceed its long term liabilities (CN¥448.8M).
Debt to Equity History and Analysis
Debt Level: 603038's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: 603038's debt to equity ratio has increased from 2.1% to 32.5% over the past 5 years.
Debt Coverage: 603038's debt is well covered by operating cash flow (32.3%).
Interest Coverage: 603038's interest payments on its debt are not well covered by EBIT (2.6x coverage).