Hangzhou Oxygen Plant GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Oxygen Plant GroupLtd has a total shareholder equity of CN¥10.3B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are CN¥23.0B and CN¥12.7B respectively. Hangzhou Oxygen Plant GroupLtd's EBIT is CN¥1.5B making its interest coverage ratio 21.3. It has cash and short-term investments of CN¥3.3B.
Key information
60.8%
Debt to equity ratio
CN¥6.28b
Debt
Interest coverage ratio | 21.3x |
Cash | CN¥3.25b |
Equity | CN¥10.33b |
Total liabilities | CN¥12.68b |
Total assets | CN¥23.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002430's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 002430's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 002430's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: 002430's debt to equity ratio has increased from 29.2% to 60.8% over the past 5 years.
Debt Coverage: 002430's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 002430's interest payments on its debt are well covered by EBIT (21.3x coverage).