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¥459.3M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are CN¥3.8B and CN¥2.4B respectively. Henan Huaying Agricultural Development's EBIT is CN¥155.6M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥219.3M.
Key information
32.4%
Debt to equity ratio
CN¥459.29m
Debt
Interest coverage ratio | 2.1x |
Cash | CN¥219.33m |
Equity | CN¥1.42b |
Total liabilities | CN¥2.39b |
Total assets | CN¥3.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002321's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002321's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002321's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: 002321's debt to equity ratio has reduced from 81.9% to 32.4% 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: 002321 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002321 has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 22.2% each year.