Shandong Huatai Paper Industry ShareholdingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Huatai Paper Industry ShareholdingLtd has a total shareholder equity of CN¥9.3B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are CN¥15.5B and CN¥6.2B respectively. Shandong Huatai Paper Industry ShareholdingLtd's EBIT is CN¥47.1M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥1.9B.
Key information
34.0%
Debt to equity ratio
CN¥3.17b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥1.87b |
| Equity | CN¥9.31b |
| Total liabilities | CN¥6.18b |
| Total assets | CN¥15.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600308's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 600308's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 600308's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 600308's debt to equity ratio has reduced from 39.3% to 34% over the past 5 years.
Debt Coverage: 600308's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 600308's interest payments on its debt are well covered by EBIT (3.1x coverage).