Horizon Construction Development Balance Sheet Health
Financial Health criteria checks 2/6
Horizon Construction Development has a total shareholder equity of CN¥11.0B and total debt of CN¥19.4B, which brings its debt-to-equity ratio to 176.1%. Its total assets and total liabilities are CN¥35.3B and CN¥24.2B respectively. Horizon Construction Development's EBIT is CN¥1.9B making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥2.9B.
Key information
176.1%
Debt to equity ratio
CN¥19.43b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥2.94b |
| Equity | CN¥11.03b |
| Total liabilities | CN¥24.24b |
| Total assets | CN¥35.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B7H's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥10.8B).
Long Term Liabilities: B7H's short term assets (CN¥11.9B) do not cover its long term liabilities (CN¥13.5B).
Debt to Equity History and Analysis
Debt Level: B7H's net debt to equity ratio (149.4%) is considered high.
Reducing Debt: Insufficient data to determine if B7H's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: B7H's debt is well covered by operating cash flow (20.6%).
Interest Coverage: B7H's interest payments on its debt are not well covered by EBIT (2.5x coverage).