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¥61.3B and total debt of CN¥66.5B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are CN¥305.3B and CN¥244.0B respectively. Hangzhou Binjiang Real Estate GroupLtd's EBIT is CN¥7.1B making its interest coverage ratio -24.6. It has cash and short-term investments of CN¥30.0B.
Key information
108.5%
Debt to equity ratio
CN¥66.54b
Debt
Interest coverage ratio | -24.6x |
Cash | CN¥30.03b |
Equity | CN¥61.30b |
Total liabilities | CN¥243.95b |
Total assets | CN¥305.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002244's short term assets (CN¥275.4B) exceed its short term liabilities (CN¥213.8B).
Long Term Liabilities: 002244's short term assets (CN¥275.4B) exceed its long term liabilities (CN¥30.2B).
Debt to Equity History and Analysis
Debt Level: 002244's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: 002244's debt to equity ratio has reduced from 148% to 108.5% over the past 5 years.
Debt Coverage: 002244's debt is well covered by operating cash flow (45.2%).
Interest Coverage: 002244 earns more interest than it pays, so coverage of interest payments is not a concern.