Shandong Homey Aquatic Development Co.,Ltd.

SHSE:600467 Stock Report

Market Cap: CN¥2.9b

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 ratio1.6x
CashCN¥573.59m
EquityCN¥3.40b
Total liabilitiesCN¥3.65b
Total assetsCN¥7.05b

Recent financial health updates

No updates

Recent updates

Shandong Homey Aquatic Development Co.,Ltd. (SHSE:600467) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Jun 21
Shandong Homey Aquatic Development Co.,Ltd. (SHSE:600467) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Weak Statutory Earnings May Not Tell The Whole Story For Shandong Homey Aquatic DevelopmentLtd (SHSE:600467)

May 07
Weak Statutory Earnings May Not Tell The Whole Story For Shandong Homey Aquatic DevelopmentLtd (SHSE:600467)

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).


Balance Sheet


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