Henan Huaying Agricultural Development Balance Sheet Health
Financial Health criteria checks 6/6
Henan Huaying Agricultural Development has a total shareholder equity of CN¥1.4B and total debt of CN¥406.1M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are CN¥3.9B and CN¥2.5B respectively. Henan Huaying Agricultural Development's EBIT is CN¥152.4M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥257.8M.
Key information
28.8%
Debt to equity ratio
CN¥406.10m
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥257.76m |
| Equity | CN¥1.41b |
| Total liabilities | CN¥2.51b |
| Total assets | CN¥3.92b |
Recent financial health updates
Recent updates
Here's Why Henan Huaying Agricultural Development (SZSE:002321) Has A Meaningful Debt Burden
Nov 25
Henan Huaying Agricultural Development Co., Ltd.'s (SZSE:002321) Shares Leap 26% Yet They're Still Not Telling The Full Story
Nov 25Henan Huaying Agricultural Development Co., Ltd. (SZSE:002321) Surges 27% Yet Its Low P/S Is No Reason For Excitement
Oct 01Henan Huaying Agricultural Development (SZSE:002321) May Have Issues Allocating Its Capital
Jun 06Financial Position Analysis
Short Term Liabilities: 002321's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002321's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002321's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: 002321's debt to equity ratio has reduced from 84% to 28.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 002321 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002321 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19% per year.