Shanghai Huafon Aluminium Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Huafon Aluminium has a total shareholder equity of CN¥5.2B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥7.6B and CN¥2.4B respectively. Shanghai Huafon Aluminium's EBIT is CN¥1.3B making its interest coverage ratio 28.4. It has cash and short-term investments of CN¥545.1M.
Key information
30.3%
Debt to equity ratio
CN¥1.57b
Debt
| Interest coverage ratio | 28.4x |
| Cash | CN¥545.12m |
| Equity | CN¥5.18b |
| Total liabilities | CN¥2.39b |
| Total assets | CN¥7.57b |
Recent financial health updates
Shanghai Huafon Aluminium (SHSE:601702) Seems To Use Debt Rather Sparingly
Oct 07
Is Shanghai Huafon Aluminium (SHSE:601702) A Risky Investment?
May 21Recent updates
A Look At The Fair Value Of Shanghai Huafon Aluminium Corporation (SHSE:601702)
Nov 18Shanghai Huafon Aluminium (SHSE:601702) Seems To Use Debt Rather Sparingly
Oct 07Investors Holding Back On Shanghai Huafon Aluminium Corporation (SHSE:601702)
Sep 12Investors Should Be Encouraged By Shanghai Huafon Aluminium's (SHSE:601702) Returns On Capital
Aug 22Here's Why We Think Shanghai Huafon Aluminium (SHSE:601702) Is Well Worth Watching
Jul 05It's A Story Of Risk Vs Reward With Shanghai Huafon Aluminium Corporation (SHSE:601702)
Jun 11Is Shanghai Huafon Aluminium (SHSE:601702) A Risky Investment?
May 21Shanghai Huafon Aluminium (SHSE:601702) Knows How To Allocate Capital
Mar 22Does Shanghai Huafon Aluminium (SHSE:601702) Deserve A Spot On Your Watchlist?
Feb 29Financial Position Analysis
Short Term Liabilities: 601702's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 601702's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥451.6M).
Debt to Equity History and Analysis
Debt Level: 601702's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: 601702's debt to equity ratio has reduced from 174.8% to 30.3% over the past 5 years.
Debt Coverage: 601702's debt is well covered by operating cash flow (56.8%).
Interest Coverage: 601702's interest payments on its debt are well covered by EBIT (28.4x coverage).