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¥2.2B, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are CN¥6.9B and CN¥3.5B respectively. Shandong Homey Aquatic DevelopmentLtd's EBIT is CN¥167.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥711.6M.
Key information
64.3%
Debt to equity ratio
CN¥2.18b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥711.58m |
| Equity | CN¥3.39b |
| Total liabilities | CN¥3.48b |
| Total assets | CN¥6.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600467's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 600467's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥476.8M).
Debt to Equity History and Analysis
Debt Level: 600467's net debt to equity ratio (43.3%) is considered high.
Reducing Debt: 600467's debt to equity ratio has increased from 44.8% to 64.3% over the past 5 years.
Debt Coverage: 600467's debt is well covered by operating cash flow (40.3%).
Interest Coverage: 600467's interest payments on its debt are not well covered by EBIT (1.4x coverage).