Shandong Bohui Paper IndustryLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Bohui Paper IndustryLtd has a total shareholder equity of CN¥6.7B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 121.4%. Its total assets and total liabilities are CN¥22.2B and CN¥15.5B respectively. Shandong Bohui Paper IndustryLtd's EBIT is CN¥701.2M making its interest coverage ratio 2. It has cash and short-term investments of CN¥3.5B.
Key information
121.4%
Debt to equity ratio
CN¥8.10b
Debt
Interest coverage ratio | 2x |
Cash | CN¥3.46b |
Equity | CN¥6.67b |
Total liabilities | CN¥15.51b |
Total assets | CN¥22.18b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600966's short term assets (CN¥8.3B) do not cover its short term liabilities (CN¥12.7B).
Long Term Liabilities: 600966's short term assets (CN¥8.3B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 600966's net debt to equity ratio (69.5%) is considered high.
Reducing Debt: 600966's debt to equity ratio has reduced from 158.7% to 121.4% over the past 5 years.
Debt Coverage: 600966's debt is well covered by operating cash flow (26.2%).
Interest Coverage: 600966's interest payments on its debt are not well covered by EBIT (2x coverage).