Qian Jiang Water Resources DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Qian Jiang Water Resources DevelopmentLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are CN¥8.2B and CN¥5.1B respectively. Qian Jiang Water Resources DevelopmentLtd's EBIT is CN¥280.1M making its interest coverage ratio -28.9. It has cash and short-term investments of CN¥833.6M.
Key information
73.2%
Debt to equity ratio
CN¥2.25b
Debt
Interest coverage ratio | -28.9x |
Cash | CN¥833.60m |
Equity | CN¥3.08b |
Total liabilities | CN¥5.13b |
Total assets | CN¥8.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600283's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600283's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600283's net debt to equity ratio (46.1%) is considered high.
Reducing Debt: 600283's debt to equity ratio has increased from 62.3% to 73.2% over the past 5 years.
Debt Coverage: 600283's debt is not well covered by operating cash flow (16%).
Interest Coverage: 600283 earns more interest than it pays, so coverage of interest payments is not a concern.