Cangzhou Dahua Balance Sheet Health
Financial Health criteria checks 4/6
Cangzhou Dahua has a total shareholder equity of CN¥4.3B and total debt of CN¥558.5M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥6.4B and CN¥2.1B respectively. Cangzhou Dahua's EBIT is CN¥152.1M making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥240.6M.
Key information
12.9%
Debt to equity ratio
CN¥558.46m
Debt
Interest coverage ratio | 6.3x |
Cash | CN¥240.61m |
Equity | CN¥4.34b |
Total liabilities | CN¥2.06b |
Total assets | CN¥6.41b |
Financial Position Analysis
Short Term Liabilities: 600230's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 600230's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥620.3M).
Debt to Equity History and Analysis
Debt Level: 600230's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 600230's debt to equity ratio has increased from 0.4% to 12.9% over the past 5 years.
Debt Coverage: 600230's debt is well covered by operating cash flow (163.6%).
Interest Coverage: 600230's interest payments on its debt are well covered by EBIT (6.3x coverage).