Huaxin Cement Balance Sheet Health
Financial Health criteria checks 3/6
Huaxin Cement has a total shareholder equity of CN¥33.4B and total debt of CN¥14.0B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are CN¥69.2B and CN¥35.9B respectively. Huaxin Cement's EBIT is CN¥4.6B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥6.3B.
Key information
41.8%
Debt to equity ratio
CN¥13.95b
Debt
| Interest coverage ratio | 7.8x |
| Cash | CN¥6.33b |
| Equity | CN¥33.37b |
| Total liabilities | CN¥35.87b |
| Total assets | CN¥69.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600801's short term assets (CN¥15.7B) do not cover its short term liabilities (CN¥18.4B).
Long Term Liabilities: 600801's short term assets (CN¥15.7B) do not cover its long term liabilities (CN¥17.5B).
Debt to Equity History and Analysis
Debt Level: 600801's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 600801's debt to equity ratio has increased from 34.5% to 41.8% over the past 5 years.
Debt Coverage: 600801's debt is well covered by operating cash flow (43.1%).
Interest Coverage: 600801's interest payments on its debt are well covered by EBIT (7.8x coverage).