Jiangxi Hongcheng EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Jiangxi Hongcheng EnvironmentLtd has a total shareholder equity of CN¥9.6B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 83.6%. Its total assets and total liabilities are CN¥24.1B and CN¥14.5B respectively. Jiangxi Hongcheng EnvironmentLtd's EBIT is CN¥1.8B making its interest coverage ratio 10.3. It has cash and short-term investments of CN¥2.6B.
Key information
83.6%
Debt to equity ratio
CN¥8.03b
Debt
| Interest coverage ratio | 10.3x |
| Cash | CN¥2.56b |
| Equity | CN¥9.60b |
| Total liabilities | CN¥14.54b |
| Total assets | CN¥24.15b |
Recent financial health updates
Recent updates
Estimating The Intrinsic Value Of Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461)
Sep 08
Jiangxi Hongcheng Environment Co.,Ltd.'s (SHSE:600461) Shares Lagging The Market But So Is The Business
Aug 09Jiangxi Hongcheng EnvironmentLtd's (SHSE:600461) Dividend Will Be Increased To CN¥0.4407
Jul 01Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Hasn't Managed To Accelerate Its Returns
Jun 25Here's Why Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Has A Meaningful Debt Burden
Jun 05Jiangxi Hongcheng EnvironmentLtd's (SHSE:600461) Earnings Are Weaker Than They Seem
Apr 17Jiangxi Hongcheng Environment Co.,Ltd.'s (SHSE:600461) Low P/E No Reason For Excitement
Apr 12Investors Met With Slowing Returns on Capital At Jiangxi Hongcheng EnvironmentLtd (SHSE:600461)
Feb 28Financial Position Analysis
Short Term Liabilities: 600461's short term assets (CN¥6.1B) do not cover its short term liabilities (CN¥8.9B).
Long Term Liabilities: 600461's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥5.7B).
Debt to Equity History and Analysis
Debt Level: 600461's net debt to equity ratio (57%) is considered high.
Reducing Debt: 600461's debt to equity ratio has increased from 80.7% to 83.6% over the past 5 years.
Debt Coverage: 600461's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 600461's interest payments on its debt are well covered by EBIT (10.3x coverage).