Sinocat Environmental TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sinocat Environmental TechnologyLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥214.5M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥2.6B and CN¥697.5M respectively. Sinocat Environmental TechnologyLtd's EBIT is CN¥8.1M making its interest coverage ratio -1. It has cash and short-term investments of CN¥745.5M.
Key information
11.3%
Debt to equity ratio
CN¥214.54m
Debt
| Interest coverage ratio | -1x |
| Cash | CN¥745.49m |
| Equity | CN¥1.90b |
| Total liabilities | CN¥697.52m |
| Total assets | CN¥2.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688737's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥642.6M).
Long Term Liabilities: 688737's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥54.9M).
Debt to Equity History and Analysis
Debt Level: 688737 has more cash than its total debt.
Reducing Debt: 688737's debt to equity ratio has reduced from 464% to 11.3% over the past 5 years.
Debt Coverage: 688737's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688737 earns more interest than it pays, so coverage of interest payments is not a concern.