Huali Industrial Group Balance Sheet Health
Financial Health criteria checks 6/6
Huali Industrial Group has a total shareholder equity of CN¥15.8B and total debt of CN¥546.5M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥19.8B and CN¥4.0B respectively. Huali Industrial Group's EBIT is CN¥4.3B making its interest coverage ratio -38.5. It has cash and short-term investments of CN¥6.8B.
Key information
3.5%
Debt to equity ratio
CN¥546.48m
Debt
| Interest coverage ratio | -38.5x |
| Cash | CN¥6.80b |
| Equity | CN¥15.79b |
| Total liabilities | CN¥4.04b |
| Total assets | CN¥19.83b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300979's short term assets (CN¥13.5B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 300979's short term assets (CN¥13.5B) exceed its long term liabilities (CN¥179.7M).
Debt to Equity History and Analysis
Debt Level: 300979 has more cash than its total debt.
Reducing Debt: 300979's debt to equity ratio has reduced from 24.7% to 3.5% over the past 5 years.
Debt Coverage: 300979's debt is well covered by operating cash flow (737.1%).
Interest Coverage: 300979 earns more interest than it pays, so coverage of interest payments is not a concern.