Guangdong Sanhe Pile Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Sanhe Pile has a total shareholder equity of CN¥2.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are CN¥6.8B and CN¥4.0B respectively. Guangdong Sanhe Pile's EBIT is CN¥182.0M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥1.5B.
Key information
64.5%
Debt to equity ratio
CN¥1.80b
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥1.49b |
Equity | CN¥2.79b |
Total liabilities | CN¥4.02b |
Total assets | CN¥6.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003037's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 003037's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥818.8M).
Debt to Equity History and Analysis
Debt Level: 003037's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 003037's debt to equity ratio has increased from 38.3% to 64.5% over the past 5 years.
Debt Coverage: 003037's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 003037's interest payments on its debt are not well covered by EBIT (2.9x coverage).