Hainan Haiqi Transportation GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hainan Haiqi Transportation GroupLtd has a total shareholder equity of CN¥908.5M and total debt of CN¥659.2M, which brings its debt-to-equity ratio to 72.6%. Its total assets and total liabilities are CN¥2.5B and CN¥1.6B respectively.
Key information
72.6%
Debt to equity ratio
CN¥659.19m
Debt
Interest coverage ratio | n/a |
Cash | CN¥286.92m |
Equity | CN¥908.49m |
Total liabilities | CN¥1.64b |
Total assets | CN¥2.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603069's short term assets (CN¥860.0M) do not cover its short term liabilities (CN¥919.4M).
Long Term Liabilities: 603069's short term assets (CN¥860.0M) exceed its long term liabilities (CN¥720.0M).
Debt to Equity History and Analysis
Debt Level: 603069's net debt to equity ratio (41%) is considered high.
Reducing Debt: 603069's debt to equity ratio has increased from 0% to 72.6% over the past 5 years.
Debt Coverage: 603069's debt is well covered by operating cash flow (24.3%).
Interest Coverage: Insufficient data to determine if 603069's interest payments on its debt are well covered by EBIT.