Daqing Huake Balance Sheet Health
Financial Health criteria checks 6/6
Daqing Huake has a total shareholder equity of CN¥590.1M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥707.2M and CN¥117.1M respectively. Daqing Huake's EBIT is CN¥11.9M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥361.7M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥361.70m |
| Equity | CN¥590.14m |
| Total liabilities | CN¥117.10m |
| Total assets | CN¥707.23m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000985's short term assets (CN¥419.1M) exceed its short term liabilities (CN¥74.3M).
Long Term Liabilities: 000985's short term assets (CN¥419.1M) exceed its long term liabilities (CN¥42.8M).
Debt to Equity History and Analysis
Debt Level: 000985 is debt free.
Reducing Debt: 000985 has not had any debt for past 5 years.
Debt Coverage: 000985 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 000985 has no debt, therefore coverage of interest payments is not a concern.