Haining China Leather MarketLtd Balance Sheet Health
Financial Health criteria checks 3/6
Haining China Leather MarketLtd has a total shareholder equity of CN¥8.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are CN¥13.5B and CN¥4.8B respectively. Haining China Leather MarketLtd's EBIT is CN¥119.4M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥1.6B.
Key information
13.2%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥1.63b |
| Equity | CN¥8.68b |
| Total liabilities | CN¥4.81b |
| Total assets | CN¥13.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002344's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002344's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥968.6M).
Debt to Equity History and Analysis
Debt Level: 002344 has more cash than its total debt.
Reducing Debt: 002344's debt to equity ratio has increased from 11.5% to 13.2% over the past 5 years.
Debt Coverage: 002344's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002344 earns more interest than it pays, so coverage of interest payments is not a concern.