Hunan Copote Science TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Hunan Copote Science TechnologyLtd has a total shareholder equity of CN¥133.3M and total debt of CN¥497.5M, which brings its debt-to-equity ratio to 373.1%. Its total assets and total liabilities are CN¥1.0B and CN¥902.4M respectively. Hunan Copote Science TechnologyLtd's EBIT is CN¥20.7M making its interest coverage ratio 2. It has cash and short-term investments of CN¥101.4M.
Key information
373.1%
Debt to equity ratio
CN¥497.45m
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥101.36m |
| Equity | CN¥133.34m |
| Total liabilities | CN¥902.40m |
| Total assets | CN¥1.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600476's short term assets (CN¥551.2M) do not cover its short term liabilities (CN¥763.0M).
Long Term Liabilities: 600476's short term assets (CN¥551.2M) exceed its long term liabilities (CN¥139.4M).
Debt to Equity History and Analysis
Debt Level: 600476's net debt to equity ratio (297%) is considered high.
Reducing Debt: 600476's debt to equity ratio has increased from 76.3% to 373.1% over the past 5 years.
Debt Coverage: 600476's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600476's interest payments on its debt are not well covered by EBIT (2x coverage).