Hunan Mendale HometextileLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hunan Mendale HometextileLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥487.5M, which brings its debt-to-equity ratio to 41.5%. Its total assets and total liabilities are CN¥2.7B and CN¥1.6B respectively. Hunan Mendale HometextileLtd's EBIT is CN¥47.9M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥505.5M.
Key information
41.5%
Debt to equity ratio
CN¥487.48m
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥505.45m |
Equity | CN¥1.17b |
Total liabilities | CN¥1.55b |
Total assets | CN¥2.73b |
Financial Position Analysis
Short Term Liabilities: 002397's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002397's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥41.6M).
Debt to Equity History and Analysis
Debt Level: 002397 has more cash than its total debt.
Reducing Debt: 002397's debt to equity ratio has increased from 24.2% to 41.5% over the past 5 years.
Debt Coverage: 002397's debt is well covered by operating cash flow (54.7%).
Interest Coverage: 002397's interest payments on its debt are well covered by EBIT (3.8x coverage).