Shandong Bohui Paper IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Bohui Paper IndustryLtd has a total shareholder equity of CN¥6.8B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 134.9%. Its total assets and total liabilities are CN¥23.4B and CN¥16.7B respectively. Shandong Bohui Paper IndustryLtd's EBIT is CN¥1.4B making its interest coverage ratio 4. It has cash and short-term investments of CN¥3.7B.
Key information
134.9%
Debt to equity ratio
CN¥9.13b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥3.65b |
| Equity | CN¥6.77b |
| Total liabilities | CN¥16.66b |
| Total assets | CN¥23.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600966's short term assets (CN¥9.5B) do not cover its short term liabilities (CN¥13.6B).
Long Term Liabilities: 600966's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600966's net debt to equity ratio (80.9%) is considered high.
Reducing Debt: 600966's debt to equity ratio has reduced from 156.5% to 134.9% over the past 5 years.
Debt Coverage: 600966's debt is well covered by operating cash flow (26.4%).
Interest Coverage: 600966's interest payments on its debt are well covered by EBIT (4x coverage).