Anhui Higasket PlasticsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Anhui Higasket PlasticsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥992.0M, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are CN¥3.8B and CN¥2.4B respectively. Anhui Higasket PlasticsLtd's EBIT is CN¥202.6M making its interest coverage ratio 9.4. It has cash and short-term investments of CN¥268.9M.
Key information
67.3%
Debt to equity ratio
CN¥992.05m
Debt
| Interest coverage ratio | 9.4x |
| Cash | CN¥268.94m |
| Equity | CN¥1.47b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥3.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603150's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603150's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥314.6M).
Debt to Equity History and Analysis
Debt Level: 603150's net debt to equity ratio (49.1%) is considered high.
Reducing Debt: 603150's debt to equity ratio has increased from 45.9% to 67.3% over the past 5 years.
Debt Coverage: 603150's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 603150's interest payments on its debt are well covered by EBIT (9.4x coverage).