Huaxin Cement Balance Sheet Health
Financial Health criteria checks 3/6
Huaxin Cement has a total shareholder equity of CN¥33.0B and total debt of CN¥17.5B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are CN¥69.0B and CN¥36.0B respectively. Huaxin Cement's EBIT is CN¥3.9B making its interest coverage ratio 23.1. It has cash and short-term investments of CN¥5.3B.
Key information
52.9%
Debt to equity ratio
CN¥17.46b
Debt
| Interest coverage ratio | 23.1x |
| Cash | CN¥5.26b |
| Equity | CN¥32.98b |
| Total liabilities | CN¥35.99b |
| Total assets | CN¥68.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600801's short term assets (CN¥14.9B) do not cover its short term liabilities (CN¥18.9B).
Long Term Liabilities: 600801's short term assets (CN¥14.9B) do not cover its long term liabilities (CN¥17.1B).
Debt to Equity History and Analysis
Debt Level: 600801's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: 600801's debt to equity ratio has increased from 28% to 52.9% over the past 5 years.
Debt Coverage: 600801's debt is well covered by operating cash flow (35%).
Interest Coverage: 600801's interest payments on its debt are well covered by EBIT (23.1x coverage).