Hunan Xiangjia Animal HusbandryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hunan Xiangjia Animal HusbandryLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are CN¥4.0B and CN¥2.2B respectively. Hunan Xiangjia Animal HusbandryLtd's EBIT is CN¥39.9M making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥324.3M.
Key information
84.8%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | 1.1x |
| Cash | CN¥324.35m |
| Equity | CN¥1.79b |
| Total liabilities | CN¥2.22b |
| Total assets | CN¥4.02b |
Financial Position Analysis
Short Term Liabilities: 002982's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥877.3M).
Long Term Liabilities: 002982's short term assets (CN¥1.3B) do not cover its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002982's net debt to equity ratio (66.8%) is considered high.
Reducing Debt: 002982's debt to equity ratio has increased from 24.9% to 84.8% over the past 5 years.
Debt Coverage: 002982's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 002982's interest payments on its debt are not well covered by EBIT (1.1x coverage).