Shandong Homey Aquatic DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Homey Aquatic DevelopmentLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are CN¥7.0B and CN¥3.7B respectively. Shandong Homey Aquatic DevelopmentLtd's EBIT is CN¥166.8M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥573.6M.
Key information
80.8%
Debt to equity ratio
CN¥2.74b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥573.59m |
| Equity | CN¥3.40b |
| Total liabilities | CN¥3.65b |
| Total assets | CN¥7.05b |
Financial Position Analysis
Short Term Liabilities: 600467's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600467's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥559.8M).
Debt to Equity History and Analysis
Debt Level: 600467's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 600467's debt to equity ratio has increased from 42.4% to 80.8% over the past 5 years.
Debt Coverage: 600467's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 600467's interest payments on its debt are not well covered by EBIT (1.6x coverage).