Harson Trading (China)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Harson Trading (China)Ltd has a total shareholder equity of CN¥823.1M and total debt of CN¥2.5M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥956.9M and CN¥133.8M respectively. Harson Trading (China)Ltd's EBIT is CN¥16.0M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥378.3M.
Key information
0.3%
Debt to equity ratio
CN¥2.50m
Debt
| Interest coverage ratio | -1.8x |
| Cash | CN¥378.28m |
| Equity | CN¥823.12m |
| Total liabilities | CN¥133.83m |
| Total assets | CN¥956.95m |
Financial Position Analysis
Short Term Liabilities: 603958's short term assets (CN¥789.1M) exceed its short term liabilities (CN¥131.8M).
Long Term Liabilities: 603958's short term assets (CN¥789.1M) exceed its long term liabilities (CN¥2.0M).
Debt to Equity History and Analysis
Debt Level: 603958 has more cash than its total debt.
Reducing Debt: 603958's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 603958's debt is well covered by operating cash flow (3851.3%).
Interest Coverage: 603958 earns more interest than it pays, so coverage of interest payments is not a concern.