Bohai Water IndustryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Bohai Water IndustryLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 104.5%. Its total assets and total liabilities are CN¥8.0B and CN¥5.3B respectively. Bohai Water IndustryLtd's EBIT is CN¥203.2M making its interest coverage ratio -27. It has cash and short-term investments of CN¥421.1M.
Key information
104.5%
Debt to equity ratio
CN¥2.77b
Debt
Interest coverage ratio | -27x |
Cash | CN¥421.09m |
Equity | CN¥2.65b |
Total liabilities | CN¥5.34b |
Total assets | CN¥7.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000605's short term assets (CN¥2.4B) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000605's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 000605's net debt to equity ratio (88.6%) is considered high.
Reducing Debt: 000605's debt to equity ratio has increased from 65.4% to 104.5% over the past 5 years.
Debt Coverage: 000605's debt is not well covered by operating cash flow (11%).
Interest Coverage: 000605 earns more interest than it pays, so coverage of interest payments is not a concern.