HaiXin FoodsLtd Balance Sheet Health
Financial Health criteria checks 3/6
HaiXin FoodsLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥344.2M, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are CN¥2.0B and CN¥774.4M respectively. HaiXin FoodsLtd's EBIT is CN¥6.9M making its interest coverage ratio 1. It has cash and short-term investments of CN¥323.8M.
Key information
28.6%
Debt to equity ratio
CN¥344.19m
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥323.85m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥774.44m |
| Total assets | CN¥1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002702's short term assets (CN¥909.2M) exceed its short term liabilities (CN¥500.7M).
Long Term Liabilities: 002702's short term assets (CN¥909.2M) exceed its long term liabilities (CN¥273.8M).
Debt to Equity History and Analysis
Debt Level: 002702's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 002702's debt to equity ratio has increased from 0% to 28.6% over the past 5 years.
Debt Coverage: 002702's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002702's interest payments on its debt are not well covered by EBIT (1x coverage).