Shanghai Huafon Aluminium Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Huafon Aluminium has a total shareholder equity of CN¥4.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 38.4%. Its total assets and total liabilities are CN¥7.4B and CN¥2.6B respectively. Shanghai Huafon Aluminium's EBIT is CN¥1.1B making its interest coverage ratio 22.4. It has cash and short-term investments of CN¥568.5M.
Key information
38.4%
Debt to equity ratio
CN¥1.83b
Debt
| Interest coverage ratio | 22.4x |
| Cash | CN¥568.51m |
| Equity | CN¥4.78b |
| Total liabilities | CN¥2.62b |
| Total assets | CN¥7.40b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601702's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 601702's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥198.7M).
Debt to Equity History and Analysis
Debt Level: 601702's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: 601702's debt to equity ratio has reduced from 188.1% to 38.4% over the past 5 years.
Debt Coverage: 601702's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 601702's interest payments on its debt are well covered by EBIT (22.4x coverage).