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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 21:00 |
| 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
Shandong Homey Aquatic Development Co.,Ltd. is covered by 18 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 |
|---|---|
| Feiyang Yuan | China International Capital Corporation Limited |
| Chenxi Ni | China Merchants Securities Co. Ltd. |
| Wenjun Cai | China Stock Investment Research Co. Ltd. (GZ500..com) |