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 |
| Cash | CN¥28.98b |
| Equity | CN¥58.08b |
| Total liabilities | CN¥225.11b |
| Total assets | CN¥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 Don't See Light At End Of Hangzhou Binjiang Real Estate Group Co.,Ltd's (SZSE:002244) Tunnel
Apr 22Is Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) Using Too Much Debt?
Mar 23Is Now The Time To Put Hangzhou Binjiang Real Estate GroupLtd (SZSE:002244) On Your Watchlist?
Mar 01Financial 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.