Sichuan Haite High-techLtd Balance Sheet Health
Financial Health criteria checks 3/6
Sichuan Haite High-techLtd has a total shareholder equity of CN¥4.3B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are CN¥7.3B and CN¥3.0B respectively. Sichuan Haite High-techLtd's EBIT is CN¥185.1M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥630.7M.
Key information
54.0%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥630.68m |
| Equity | CN¥4.29b |
| Total liabilities | CN¥3.03b |
| Total assets | CN¥7.32b |
Recent financial health updates
No updates
Recent updates
Sichuan Haite High-tech Co.,Ltd.'s (SZSE:002023) 29% Price Boost Is Out Of Tune With Revenues
Apr 27
There's Been No Shortage Of Growth Recently For Sichuan Haite High-techLtd's (SZSE:002023) Returns On Capital
Mar 27Sichuan Haite High-tech Co.,Ltd.'s (SZSE:002023) Shares Climb 28% But Its Business Is Yet to Catch Up
Mar 05Financial Position Analysis
Short Term Liabilities: 002023's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002023's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002023's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 002023's debt to equity ratio has increased from 49.8% to 54% over the past 5 years.
Debt Coverage: 002023's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 002023's interest payments on its debt are not well covered by EBIT (2.3x coverage).