Guangdong Hoshion Industrial Aluminium Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Hoshion Industrial Aluminium has a total shareholder equity of CN¥1.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are CN¥3.8B and CN¥2.1B respectively. Guangdong Hoshion Industrial Aluminium's EBIT is CN¥155.0M making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥399.6M.
Key information
62.6%
Debt to equity ratio
CN¥1.09b
Debt
Interest coverage ratio | 7.8x |
Cash | CN¥399.57m |
Equity | CN¥1.74b |
Total liabilities | CN¥2.10b |
Total assets | CN¥3.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002824's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002824's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥586.2M).
Debt to Equity History and Analysis
Debt Level: 002824's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 002824's debt to equity ratio has increased from 15.9% to 62.6% over the past 5 years.
Debt Coverage: 002824's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002824's interest payments on its debt are well covered by EBIT (7.8x coverage).