Huangshan NovelLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huangshan NovelLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥634.7M, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are CN¥3.9B and CN¥1.6B respectively. Huangshan NovelLtd's EBIT is CN¥448.6M making its interest coverage ratio -22.7. It has cash and short-term investments of CN¥1.4B.
Key information
28.2%
Debt to equity ratio
CN¥634.70m
Debt
Interest coverage ratio | -22.7x |
Cash | CN¥1.36b |
Equity | CN¥2.25b |
Total liabilities | CN¥1.63b |
Total assets | CN¥3.88b |
Financial Position Analysis
Short Term Liabilities: 002014's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002014's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥194.2M).
Debt to Equity History and Analysis
Debt Level: 002014 has more cash than its total debt.
Reducing Debt: 002014's debt to equity ratio has increased from 0.7% to 28.2% over the past 5 years.
Debt Coverage: 002014's debt is well covered by operating cash flow (87.8%).
Interest Coverage: 002014 earns more interest than it pays, so coverage of interest payments is not a concern.