ChengDu Hi-Tech Development Balance Sheet Health
Financial Health criteria checks 3/6
ChengDu Hi-Tech Development has a total shareholder equity of CN¥2.2B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 136.5%. Its total assets and total liabilities are CN¥13.6B and CN¥11.4B respectively. ChengDu Hi-Tech Development's EBIT is CN¥378.2M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥597.3M.
Key information
136.5%
Debt to equity ratio
CN¥3.04b
Debt
| Interest coverage ratio | 6.2x |
| Cash | CN¥597.27m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥11.39b |
| Total assets | CN¥13.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000628's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥9.4B).
Long Term Liabilities: 000628's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 000628's net debt to equity ratio (109.7%) is considered high.
Reducing Debt: 000628's debt to equity ratio has increased from 64.4% to 136.5% over the past 5 years.
Debt Coverage: 000628's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000628's interest payments on its debt are well covered by EBIT (6.2x coverage).