Shandong Huatai Paper Industry ShareholdingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Huatai Paper Industry ShareholdingLtd has a total shareholder equity of CN¥9.4B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are CN¥15.5B and CN¥6.2B respectively. Shandong Huatai Paper Industry ShareholdingLtd's EBIT is CN¥30.9M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥2.3B.
Key information
27.9%
Debt to equity ratio
CN¥2.61b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥2.31b |
Equity | CN¥9.37b |
Total liabilities | CN¥6.17b |
Total assets | CN¥15.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600308's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600308's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600308's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: 600308's debt to equity ratio has reduced from 48.5% to 27.9% over the past 5 years.
Debt Coverage: 600308's debt is well covered by operating cash flow (26.2%).
Interest Coverage: 600308's interest payments on its debt are not well covered by EBIT (1.4x coverage).