Jiangsu High Hope International Group Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu High Hope International Group has a total shareholder equity of CN¥5.6B and total debt of CN¥11.8B, which brings its debt-to-equity ratio to 211.6%. Its total assets and total liabilities are CN¥26.9B and CN¥21.3B respectively. Jiangsu High Hope International Group's EBIT is CN¥365.5M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥7.5B.
Key information
211.6%
Debt to equity ratio
CN¥11.78b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥7.48b |
| Equity | CN¥5.57b |
| Total liabilities | CN¥21.34b |
| Total assets | CN¥26.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600981's short term assets (CN¥22.0B) exceed its short term liabilities (CN¥16.8B).
Long Term Liabilities: 600981's short term assets (CN¥22.0B) exceed its long term liabilities (CN¥4.5B).
Debt to Equity History and Analysis
Debt Level: 600981's net debt to equity ratio (77.3%) is considered high.
Reducing Debt: 600981's debt to equity ratio has increased from 174.4% to 211.6% over the past 5 years.
Debt Coverage: 600981's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600981's interest payments on its debt are not well covered by EBIT (1.2x coverage).