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¥337.8M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥634.4M.
Key information
88.5%
Debt to equity ratio
CN¥2.47b
Debt
Interest coverage ratio | 5.1x |
Cash | CN¥634.39m |
Equity | CN¥2.79b |
Total liabilities | CN¥3.54b |
Total assets | CN¥6.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603759's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603759's short term assets (CN¥1.6B) do not cover its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603759's net debt to equity ratio (65.8%) is considered high.
Reducing Debt: 603759's debt to equity ratio has reduced from 118.6% to 88.5% over the past 5 years.
Debt Coverage: 603759's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 603759's interest payments on its debt are well covered by EBIT (5.1x coverage).