Sichuan Haite High-techLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sichuan Haite High-techLtd has a total shareholder equity of CN¥4.3B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 49.9%. Its total assets and total liabilities are CN¥7.3B and CN¥3.0B respectively. Sichuan Haite High-techLtd's EBIT is CN¥206.8M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥512.3M.
Key information
49.9%
Debt to equity ratio
CN¥2.13b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥512.28m |
| Equity | CN¥4.28b |
| Total liabilities | CN¥2.99b |
| Total assets | CN¥7.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002023's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002023's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002023's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 002023's debt to equity ratio has reduced from 57.9% to 49.9% over the past 5 years.
Debt Coverage: 002023's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 002023's interest payments on its debt are not well covered by EBIT (2.2x coverage).