Hongbaoli Group Corporation Balance Sheet Health
Financial Health criteria checks 2/6
Hongbaoli Group has a total shareholder equity of CN¥2.1B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 129.9%. Its total assets and total liabilities are CN¥5.2B and CN¥3.1B respectively. Hongbaoli Group's EBIT is CN¥135.5M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥1.2B.
Key information
129.9%
Debt to equity ratio
CN¥2.69b
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥1.20b |
Equity | CN¥2.07b |
Total liabilities | CN¥3.13b |
Total assets | CN¥5.21b |
Financial Position Analysis
Short Term Liabilities: 002165's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002165's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥918.7M).
Debt to Equity History and Analysis
Debt Level: 002165's net debt to equity ratio (72%) is considered high.
Reducing Debt: 002165's debt to equity ratio has increased from 91.6% to 129.9% over the past 5 years.
Debt Coverage: 002165's debt is not well covered by operating cash flow (0.1%).
Interest Coverage: 002165's interest payments on its debt are not well covered by EBIT (2.3x coverage).