Shandong Head GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Head GroupLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥799.4M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥3.8B and CN¥1.7B respectively. Shandong Head GroupLtd's EBIT is CN¥231.8M making its interest coverage ratio -37.5. It has cash and short-term investments of CN¥273.0M.
Key information
37.2%
Debt to equity ratio
CN¥799.38m
Debt
Interest coverage ratio | -37.5x |
Cash | CN¥272.97m |
Equity | CN¥2.15b |
Total liabilities | CN¥1.70b |
Total assets | CN¥3.85b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002810's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥845.1M).
Long Term Liabilities: 002810's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥853.7M).
Debt to Equity History and Analysis
Debt Level: 002810's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: 002810's debt to equity ratio has reduced from 38.3% to 37.2% over the past 5 years.
Debt Coverage: 002810's debt is well covered by operating cash flow (30%).
Interest Coverage: 002810 earns more interest than it pays, so coverage of interest payments is not a concern.