Jiangxi Hongcheng EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Hongcheng EnvironmentLtd has a total shareholder equity of CN¥9.8B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are CN¥23.8B and CN¥14.0B respectively. Jiangxi Hongcheng EnvironmentLtd's EBIT is CN¥1.8B making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥2.4B.
Key information
78.6%
Debt to equity ratio
CN¥7.73b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥2.43b |
| Equity | CN¥9.83b |
| Total liabilities | CN¥13.97b |
| Total assets | CN¥23.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600461's short term assets (CN¥5.8B) do not cover its short term liabilities (CN¥8.4B).
Long Term Liabilities: 600461's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: 600461's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: 600461's debt to equity ratio has reduced from 93.3% to 78.6% over the past 5 years.
Debt Coverage: 600461's debt is well covered by operating cash flow (21.1%).
Interest Coverage: 600461's interest payments on its debt are well covered by EBIT (9.1x coverage).