Henan Zhongfu IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Zhongfu IndustrialLtd has a total shareholder equity of CN¥15.2B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are CN¥23.4B and CN¥8.2B respectively. Henan Zhongfu IndustrialLtd's EBIT is CN¥1.6B making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥807.7M.
Key information
28.3%
Debt to equity ratio
CN¥4.30b
Debt
Interest coverage ratio | 6.2x |
Cash | CN¥807.73m |
Equity | CN¥15.20b |
Total liabilities | CN¥8.22b |
Total assets | CN¥23.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600595's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 600595's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600595's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: 600595's debt to equity ratio has reduced from 176.3% to 28.3% over the past 5 years.
Debt Coverage: 600595's debt is well covered by operating cash flow (41.3%).
Interest Coverage: 600595's interest payments on its debt are well covered by EBIT (6.2x coverage).