Bohai Water IndustryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Bohai Water IndustryLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 106.1%. Its total assets and total liabilities are CN¥8.0B and CN¥5.3B respectively. Bohai Water IndustryLtd's EBIT is CN¥214.0M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥426.3M.
Key information
106.1%
Debt to equity ratio
CN¥2.91b
Debt
Interest coverage ratio | -13.9x |
Cash | CN¥426.32m |
Equity | CN¥2.74b |
Total liabilities | CN¥5.26b |
Total assets | CN¥8.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000605's short term assets (CN¥2.3B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 000605's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 000605's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: 000605's debt to equity ratio has increased from 63.8% to 106.1% over the past 5 years.
Debt Coverage: 000605's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 000605 earns more interest than it pays, so coverage of interest payments is not a concern.