Shandong Head GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Head GroupLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥796.8M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are CN¥3.9B and CN¥1.7B respectively. Shandong Head GroupLtd's EBIT is CN¥217.3M making its interest coverage ratio -103.5. It has cash and short-term investments of CN¥356.3M.
Key information
35.8%
Debt to equity ratio
CN¥796.80m
Debt
| Interest coverage ratio | -103.5x |
| Cash | CN¥356.34m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥1.71b |
| Total assets | CN¥3.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002810's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002810's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥684.4M).
Debt to Equity History and Analysis
Debt Level: 002810's net debt to equity ratio (19.8%) is considered satisfactory.
Reducing Debt: 002810's debt to equity ratio has increased from 31% to 35.8% over the past 5 years.
Debt Coverage: 002810's debt is well covered by operating cash flow (37.3%).
Interest Coverage: 002810 earns more interest than it pays, so coverage of interest payments is not a concern.