Hangzhou Binjiang Real Estate Group Co.,Ltd

SZSE:002244 Stock Report

Market Cap: CN¥24.5b

Hangzhou Binjiang Real Estate GroupLtd Balance Sheet Health

Financial Health criteria checks 5/6

Hangzhou Binjiang Real Estate GroupLtd has a total shareholder equity of CN¥58.1B and total debt of CN¥65.8B, which brings its debt-to-equity ratio to 113.4%. Its total assets and total liabilities are CN¥283.2B and CN¥225.1B respectively. Hangzhou Binjiang Real Estate GroupLtd's EBIT is CN¥4.1B making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥29.0B.

Key information

113.4%

Debt to equity ratio

CN¥65.85b

Debt

Interest coverage ratio-4.8x
CashCN¥28.98b
EquityCN¥58.08b
Total liabilitiesCN¥225.11b
Total assetsCN¥283.20b

Recent financial health updates

Recent updates

Investors Can Find Comfort In Hangzhou Binjiang Real Estate GroupLtd's (SZSE:002244) Earnings Quality

May 03
Investors Can Find Comfort In Hangzhou Binjiang Real Estate GroupLtd's (SZSE:002244) Earnings Quality

Investors Don't See Light At End Of Hangzhou Binjiang Real Estate Group Co.,Ltd's (SZSE:002244) Tunnel

Apr 22
Investors Don't See Light At End Of Hangzhou Binjiang Real Estate Group Co.,Ltd's (SZSE:002244) Tunnel

Is Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) Using Too Much Debt?

Mar 23
Is Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) Using Too Much Debt?

Is Now The Time To Put Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) On Your Watchlist?

Mar 01
Is Now The Time To Put Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) On Your Watchlist?

Financial Position Analysis

Short Term Liabilities: 002244's short term assets (CN¥250.3B) exceed its short term liabilities (CN¥194.6B).

Long Term Liabilities: 002244's short term assets (CN¥250.3B) exceed its long term liabilities (CN¥30.5B).


Debt to Equity History and Analysis

Debt Level: 002244's net debt to equity ratio (63.5%) is considered high.

Reducing Debt: 002244's debt to equity ratio has reduced from 156.6% to 113.4% over the past 5 years.

Debt Coverage: 002244's debt is well covered by operating cash flow (34.4%).

Interest Coverage: 002244 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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