Shandong Head GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Head GroupLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥784.6M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥3.7B and CN¥1.6B respectively. Shandong Head GroupLtd's EBIT is CN¥292.0M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥151.4M.
Key information
37.2%
Debt to equity ratio
CN¥784.58m
Debt
| Interest coverage ratio | -13.9x |
| Cash | CN¥151.43m |
| Equity | CN¥2.11b |
| Total liabilities | CN¥1.63b |
| Total assets | CN¥3.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002810's short term assets (CN¥907.8M) exceed its short term liabilities (CN¥798.5M).
Long Term Liabilities: 002810's short term assets (CN¥907.8M) exceed its long term liabilities (CN¥834.1M).
Debt to Equity History and Analysis
Debt Level: 002810's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: 002810's debt to equity ratio has reduced from 41.1% to 37.2% over the past 5 years.
Debt Coverage: 002810's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 002810 earns more interest than it pays, so coverage of interest payments is not a concern.