Shandong Homey Aquatic DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Homey Aquatic DevelopmentLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are CN¥6.9B and CN¥3.5B respectively. Shandong Homey Aquatic DevelopmentLtd's EBIT is CN¥127.8M making its interest coverage ratio 1. It has cash and short-term investments of CN¥399.7M.
Key information
74.0%
Debt to equity ratio
CN¥2.52b
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥399.67m |
| Equity | CN¥3.40b |
| Total liabilities | CN¥3.49b |
| Total assets | CN¥6.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600467's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600467's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥688.6M).
Debt to Equity History and Analysis
Debt Level: 600467's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: 600467's debt to equity ratio has increased from 44.9% to 74% over the past 5 years.
Debt Coverage: 600467's debt is well covered by operating cash flow (39.5%).
Interest Coverage: 600467's interest payments on its debt are not well covered by EBIT (1x coverage).