Henan Liliang Diamond Balance Sheet Health
Financial Health criteria checks 5/6
Henan Liliang Diamond has a total shareholder equity of CN¥5.4B and total debt of CN¥409.8M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥6.6B and CN¥1.2B respectively. Henan Liliang Diamond's EBIT is CN¥344.2M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥3.8B.
Key information
7.6%
Debt to equity ratio
CN¥409.75m
Debt
Interest coverage ratio | -3.8x |
Cash | CN¥3.77b |
Equity | CN¥5.37b |
Total liabilities | CN¥1.21b |
Total assets | CN¥6.57b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301071's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥753.5M).
Long Term Liabilities: 301071's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥451.8M).
Debt to Equity History and Analysis
Debt Level: 301071 has more cash than its total debt.
Reducing Debt: 301071's debt to equity ratio has increased from 6.7% to 7.6% over the past 5 years.
Debt Coverage: 301071's debt is well covered by operating cash flow (111.3%).
Interest Coverage: 301071 earns more interest than it pays, so coverage of interest payments is not a concern.