Hangzhou Oxygen Plant GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hangzhou Oxygen Plant GroupLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥6.6B, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are CN¥22.7B and CN¥12.8B respectively. Hangzhou Oxygen Plant GroupLtd's EBIT is CN¥1.4B making its interest coverage ratio 24.3. It has cash and short-term investments of CN¥2.4B.
Key information
66.1%
Debt to equity ratio
CN¥6.56b
Debt
| Interest coverage ratio | 24.3x |
| Cash | CN¥2.44b |
| Equity | CN¥9.92b |
| Total liabilities | CN¥12.82b |
| Total assets | CN¥22.73b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Hangzhou Oxygen Plant Group Co.,Ltd. (SZSE:002430) Shares Find Their Feet
Aug 07
Calculating The Fair Value Of Hangzhou Oxygen Plant Group Co.,Ltd. (SZSE:002430)
Jun 18Is Hangzhou Oxygen Plant GroupLtd (SZSE:002430) Using Too Much Debt?
May 28Hangzhou Oxygen Plant GroupLtd (SZSE:002430) Will Pay A Dividend Of CN¥0.80
May 10Hangzhou Oxygen Plant GroupLtd's (SZSE:002430) Anemic Earnings Might Be Worse Than You Think
May 02Hangzhou Oxygen Plant Group Co.,Ltd.'s (SZSE:002430) Price Is Right But Growth Is Lacking
Apr 16Hangzhou Oxygen Plant Group Co.,Ltd.'s (SZSE:002430) Intrinsic Value Is Potentially 80% Above Its Share Price
Mar 15Financial Position Analysis
Short Term Liabilities: 002430's short term assets (CN¥10.3B) exceed its short term liabilities (CN¥8.2B).
Long Term Liabilities: 002430's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: 002430's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: 002430's debt to equity ratio has increased from 28.9% to 66.1% over the past 5 years.
Debt Coverage: 002430's debt is well covered by operating cash flow (44%).
Interest Coverage: 002430's interest payments on its debt are well covered by EBIT (24.3x coverage).