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¥384.1M making its interest coverage ratio 28.1. 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 ratio | 28.1x |
| Cash | CN¥578.78m |
| Equity | CN¥2.81b |
| Total liabilities | CN¥3.52b |
| Total assets | CN¥6.33b |
Recent financial health updates
No updates
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 (28.1x coverage).