Haitian Water Group Co.,Ltd.

SHSE:603759 Stock Report

Market Cap: CN¥3.6b

Haitian Water GroupLtd Balance Sheet Health

Financial Health criteria checks 3/6

Haitian Water GroupLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 88.5%. Its total assets and total liabilities are CN¥6.3B and CN¥3.5B respectively. Haitian Water GroupLtd's EBIT is CN¥354.7M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥578.8M.

Key information

88.5%

Debt to equity ratio

CN¥2.49b

Debt

Interest coverage ratio4.3x
CashCN¥578.78m
EquityCN¥2.81b
Total liabilitiesCN¥3.52b
Total assetsCN¥6.33b

Recent financial health updates

No updates

Recent updates

Returns On Capital At Haitian Water GroupLtd (SHSE:603759) Paint A Concerning Picture

Oct 01
Returns On Capital At Haitian Water GroupLtd (SHSE:603759) Paint A Concerning Picture

Financial Position Analysis

Short Term Liabilities: 603759's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 603759's short term assets (CN¥1.6B) do not cover its long term liabilities (CN¥2.2B).


Debt to Equity History and Analysis

Debt Level: 603759's net debt to equity ratio (67.9%) is considered high.

Reducing Debt: 603759's debt to equity ratio has reduced from 115.1% to 88.5% over the past 5 years.

Debt Coverage: 603759's debt is not well covered by operating cash flow (15.1%).

Interest Coverage: 603759's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


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