Huafu Fashion Balance Sheet Health
Financial Health criteria checks 3/6
Huafu Fashion has a total shareholder equity of CN¥6.3B and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 137.3%. Its total assets and total liabilities are CN¥17.7B and CN¥11.3B respectively. Huafu Fashion's EBIT is CN¥88.3M making its interest coverage ratio -2. It has cash and short-term investments of CN¥2.8B.
Key information
137.3%
Debt to equity ratio
CN¥8.70b
Debt
| Interest coverage ratio | -2x |
| Cash | CN¥2.81b |
| Equity | CN¥6.34b |
| Total liabilities | CN¥11.34b |
| Total assets | CN¥17.68b |
Financial Position Analysis
Short Term Liabilities: 002042's short term assets (CN¥10.5B) exceed its short term liabilities (CN¥10.2B).
Long Term Liabilities: 002042's short term assets (CN¥10.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002042's net debt to equity ratio (93%) is considered high.
Reducing Debt: 002042's debt to equity ratio has increased from 130.4% to 137.3% over the past 5 years.
Debt Coverage: 002042's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 002042 earns more interest than it pays, so coverage of interest payments is not a concern.