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
Henan Huaying Agricultural Development (SZSE:002321) Has More To Do To Multiply In Value Going Forward
Dec 17
Here's Why Henan Huaying Agricultural Development (SZSE:002321) Has A Meaningful Debt Burden
Nov 25Henan 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 18:58 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Henan Huaying Agricultural Development Co., Ltd. is covered by 10 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yalei Yan | Bohai Securities Co., Ltd. |
| Feiyang Yuan | China International Capital Corporation Limited |
| Jun Huang | China Merchants Securities Co. Ltd. |