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¥676.6M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are CN¥3.7B and CN¥1.3B respectively. Huangshan NovelLtd's EBIT is CN¥447.2M making its interest coverage ratio -23.9. It has cash and short-term investments of CN¥1.2B.
Key information
28.8%
Debt to equity ratio
CN¥676.56m
Debt
| Interest coverage ratio | -23.9x |
| Cash | CN¥1.24b |
| Equity | CN¥2.35b |
| Total liabilities | CN¥1.32b |
| Total assets | CN¥3.66b |
Financial Position Analysis
Short Term Liabilities: 002014's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002014's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥173.2M).
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 3.4% to 28.8% over the past 5 years.
Debt Coverage: 002014's debt is well covered by operating cash flow (95.5%).
Interest Coverage: 002014 earns more interest than it pays, so coverage of interest payments is not a concern.