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¥347.9M making its interest coverage ratio -28.8. 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 ratio | -28.8x |
| Cash | CN¥681.19m |
| Equity | CN¥3.17b |
| Total liabilities | CN¥6.09b |
| Total assets | CN¥9.26b |
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%) 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 earns more interest than it pays, so coverage of interest payments is not a concern.