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¥375.8M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are CN¥3.3B and CN¥683.9M respectively. Mudanjiang Hengfeng PaperLtd's EBIT is CN¥165.2M making its interest coverage ratio 13.9. It has cash and short-term investments of CN¥366.7M.
Key information
14.5%
Debt to equity ratio
CN¥375.78m
Debt
Interest coverage ratio | 13.9x |
Cash | CN¥366.66m |
Equity | CN¥2.58b |
Total liabilities | CN¥683.93m |
Total assets | CN¥3.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600356's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥615.3M).
Long Term Liabilities: 600356's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥68.6M).
Debt to Equity History and Analysis
Debt Level: 600356's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 600356's debt to equity ratio has reduced from 22.4% to 14.5% over the past 5 years.
Debt Coverage: 600356's debt is well covered by operating cash flow (65.9%).
Interest Coverage: 600356's interest payments on its debt are well covered by EBIT (13.9x coverage).