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 54.4%. Its total assets and total liabilities are CN¥7.3B and CN¥3.0B respectively. Sichuan Haite High-techLtd's EBIT is CN¥187.0M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥588.2M.
Key information
54.4%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥588.22m |
| Equity | CN¥4.27b |
| Total liabilities | CN¥3.05b |
| Total assets | CN¥7.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002023's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.3B).
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 (40.6%) is considered high.
Reducing Debt: 002023's debt to equity ratio has reduced from 58.8% to 54.4% over the past 5 years.
Debt Coverage: 002023's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 002023's interest payments on its debt are not well covered by EBIT (1.9x coverage).