Shandong HaihuaLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong HaihuaLtd has a total shareholder equity of CN¥5.3B and total debt of CN¥209.4M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥7.9B and CN¥2.6B respectively. Shandong HaihuaLtd's EBIT is CN¥1.2B making its interest coverage ratio -18.3. It has cash and short-term investments of CN¥1.3B.
Key information
3.9%
Debt to equity ratio
CN¥209.42m
Debt
Interest coverage ratio | -18.3x |
Cash | CN¥1.30b |
Equity | CN¥5.32b |
Total liabilities | CN¥2.59b |
Total assets | CN¥7.91b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000822's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 000822's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥549.2M).
Debt to Equity History and Analysis
Debt Level: 000822 has more cash than its total debt.
Reducing Debt: 000822's debt to equity ratio has increased from 0% to 3.9% over the past 5 years.
Debt Coverage: 000822's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000822 earns more interest than it pays, so coverage of interest payments is not a concern.