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¥343.5B and total debt of CN¥369.6B, which brings its debt-to-equity ratio to 107.6%. Its total assets and total liabilities are CN¥1,424.4B and CN¥1,080.8B respectively. Poly Developments and Holdings Group's EBIT is CN¥26.8B making its interest coverage ratio 22.9. It has cash and short-term investments of CN¥130.0B.
Key information
107.6%
Debt to equity ratio
CN¥369.59b
Debt
| Interest coverage ratio | 22.9x |
| Cash | CN¥129.96b |
| Equity | CN¥343.55b |
| Total liabilities | CN¥1.08t |
| Total assets | CN¥1.42t |
Financial Position Analysis
Short Term Liabilities: 600048's short term assets (CN¥1,254.3B) exceed its short term liabilities (CN¥770.7B).
Long Term Liabilities: 600048's short term assets (CN¥1,254.3B) exceed its long term liabilities (CN¥310.1B).
Debt to Equity History and Analysis
Debt Level: 600048's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: 600048's debt to equity ratio has reduced from 151.9% to 107.6% 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 (22.9x coverage).