Sichuan HongdaLtd Balance Sheet Health
Financial Health criteria checks 2/6
Sichuan HongdaLtd has a total shareholder equity of CN¥378.8M and total debt of CN¥710.1M, which brings its debt-to-equity ratio to 187.5%. Its total assets and total liabilities are CN¥2.2B and CN¥1.8B respectively. Sichuan HongdaLtd's EBIT is CN¥88.3M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥252.1M.
Key information
187.5%
Debt to equity ratio
CN¥710.12m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥252.07m |
| Equity | CN¥378.80m |
| Total liabilities | CN¥1.82b |
| Total assets | CN¥2.20b |
Recent financial health updates
Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt
Jun 25
Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?
Mar 01Recent updates
Subdued Growth No Barrier To Sichuan Hongda Co.,Ltd's (SHSE:600331) Price
Aug 29Here's Why Sichuan HongdaLtd (SHSE:600331) Can Afford Some Debt
Jun 25There's Reason For Concern Over Sichuan Hongda Co.,Ltd's (SHSE:600331) Massive 28% Price Jump
Mar 11Would Sichuan HongdaLtd (SHSE:600331) Be Better Off With Less Debt?
Mar 01Financial Position Analysis
Short Term Liabilities: 600331's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600331's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥18.7M).
Debt to Equity History and Analysis
Debt Level: 600331's net debt to equity ratio (120.9%) is considered high.
Reducing Debt: 600331's debt to equity ratio has increased from 39% to 187.5% over the past 5 years.
Debt Coverage: 600331's debt is well covered by operating cash flow (21.5%).
Interest Coverage: 600331's interest payments on its debt are not well covered by EBIT (1.6x coverage).