Qian Jiang Water Resources Development Co.,Ltd

SHSE:600283 Stock Report

Market Cap: CN¥4.8b

Qian Jiang Water Resources DevelopmentLtd Balance Sheet Health

Financial Health criteria checks 1/6

Qian Jiang Water Resources DevelopmentLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are CN¥9.3B and CN¥6.1B respectively. Qian Jiang Water Resources DevelopmentLtd's EBIT is CN¥361.0M making its interest coverage ratio 8.6. It has cash and short-term investments of CN¥681.2M.

Key information

108.5%

Debt to equity ratio

CN¥3.44b

Debt

Interest coverage ratio8.6x
CashCN¥681.19m
EquityCN¥3.17b
Total liabilitiesCN¥6.09b
Total assetsCN¥9.26b

Recent financial health updates

No updates

Recent updates

Solid Earnings May Not Tell The Whole Story For Qian Jiang Water Resources DevelopmentLtd (SHSE:600283)

Nov 05
Solid Earnings May Not Tell The Whole Story For Qian Jiang Water Resources DevelopmentLtd (SHSE:600283)

There's Been No Shortage Of Growth Recently For Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Returns On Capital

Oct 01
There's Been No Shortage Of Growth Recently For Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Returns On Capital

Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Problems Go Beyond Weak Profit

May 06
Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Problems Go Beyond Weak Profit

Financial Position Analysis

Short Term Liabilities: 600283's short term assets (CN¥2.3B) do not cover its short term liabilities (CN¥3.5B).

Long Term Liabilities: 600283's short term assets (CN¥2.3B) do not cover its long term liabilities (CN¥2.6B).


Debt to Equity History and Analysis

Debt Level: 600283's net debt to equity ratio (87.1%) is considered high.

Reducing Debt: 600283's debt to equity ratio has increased from 42.3% to 108.5% over the past 5 years.

Debt Coverage: 600283's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: 600283's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


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