Hunan Haili Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hunan Haili Chemical IndustryLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥450.7M, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are CN¥4.2B and CN¥1.1B respectively. Hunan Haili Chemical IndustryLtd's EBIT is CN¥120.4M making its interest coverage ratio -20.4. It has cash and short-term investments of CN¥832.0M.
Key information
14.3%
Debt to equity ratio
CN¥450.74m
Debt
Interest coverage ratio | -20.4x |
Cash | CN¥832.02m |
Equity | CN¥3.15b |
Total liabilities | CN¥1.07b |
Total assets | CN¥4.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600731's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥514.6M).
Long Term Liabilities: 600731's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥554.2M).
Debt to Equity History and Analysis
Debt Level: 600731 has more cash than its total debt.
Reducing Debt: 600731's debt to equity ratio has reduced from 34.1% to 14.3% over the past 5 years.
Debt Coverage: 600731's debt is well covered by operating cash flow (41.6%).
Interest Coverage: 600731 earns more interest than it pays, so coverage of interest payments is not a concern.