Mudanjiang Hengfeng PaperLtd Balance Sheet Health
Financial Health criteria checks 6/6
Mudanjiang Hengfeng PaperLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥409.4M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥3.5B and CN¥841.5M respectively. Mudanjiang Hengfeng PaperLtd's EBIT is CN¥180.7M making its interest coverage ratio 13.6. It has cash and short-term investments of CN¥445.9M.
Key information
15.5%
Debt to equity ratio
CN¥409.44m
Debt
| Interest coverage ratio | 13.6x |
| Cash | CN¥445.89m |
| Equity | CN¥2.64b |
| Total liabilities | CN¥841.48m |
| Total assets | CN¥3.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600356's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥684.8M).
Long Term Liabilities: 600356's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥156.7M).
Debt to Equity History and Analysis
Debt Level: 600356 has more cash than its total debt.
Reducing Debt: 600356's debt to equity ratio has reduced from 27.5% to 15.5% over the past 5 years.
Debt Coverage: 600356's debt is well covered by operating cash flow (85.7%).
Interest Coverage: 600356's interest payments on its debt are well covered by EBIT (13.6x coverage).