Poly Developments and Holdings Group Balance Sheet Health
Financial Health criteria checks 4/6
Poly Developments and Holdings Group has a total shareholder equity of CN¥345.0B and total debt of CN¥354.9B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are CN¥1,373.9B and CN¥1,028.9B respectively. Poly Developments and Holdings Group's EBIT is CN¥21.2B making its interest coverage ratio 15.2. It has cash and short-term investments of CN¥127.8B.
Key information
102.9%
Debt to equity ratio
CN¥354.95b
Debt
| Interest coverage ratio | 15.2x |
| Cash | CN¥127.81b |
| Equity | CN¥345.00b |
| Total liabilities | CN¥1.03t |
| Total assets | CN¥1.37t |
Recent financial health updates
Is Poly Developments and Holdings Group (SHSE:600048) A Risky Investment?
Jun 17
Here's Why Poly Developments and Holdings Group (SHSE:600048) Is Weighed Down By Its Debt Load
Feb 28Recent updates
Is There An Opportunity With Poly Developments and Holdings Group Co., Ltd.'s (SHSE:600048) 39% Undervaluation?
Oct 23Not Many Are Piling Into Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) Just Yet
Sep 27Results: Poly Developments and Holdings Group Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Aug 23Is Poly Developments and Holdings Group (SHSE:600048) A Risky Investment?
Jun 17Poly Developments and Holdings Group Co., Ltd.'s (SHSE:600048) Shares Bounce 37% But Its Business Still Trails The Market
May 20Here's Why Poly Developments and Holdings Group (SHSE:600048) Is Weighed Down By Its Debt Load
Feb 28Financial Position Analysis
Short Term Liabilities: 600048's short term assets (CN¥1,200.3B) exceed its short term liabilities (CN¥732.6B).
Long Term Liabilities: 600048's short term assets (CN¥1,200.3B) exceed its long term liabilities (CN¥296.3B).
Debt to Equity History and Analysis
Debt Level: 600048's net debt to equity ratio (65.8%) is considered high.
Reducing Debt: 600048's debt to equity ratio has reduced from 139% to 102.9% over the past 5 years.
Debt Coverage: 600048's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600048's interest payments on its debt are well covered by EBIT (15.2x coverage).