Jiangsu High Hope International Group Corporation

XSSC:600981 Stock Report

Market Cap: CN¥6.2b

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¥11.0B, which brings its debt-to-equity ratio to 197.5%. Its total assets and total liabilities are CN¥26.9B and CN¥21.3B respectively. Jiangsu High Hope International Group's EBIT is CN¥357.5M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥7.5B.

Key information

197.5%

Debt to equity ratio

CN¥10.99b

Debt

Interest coverage ratio1.2x
CashCN¥7.48b
EquityCN¥5.57b
Total liabilitiesCN¥21.34b
Total assetsCN¥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 (63.2%) is considered high.

Reducing Debt: 600981's debt to equity ratio has increased from 174.4% to 197.5% 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).


Balance Sheet


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