Hebei Yichen Industrial Group Balance Sheet Health
Financial Health criteria checks 4/6
Hebei Yichen Industrial Group has a total shareholder equity of CN¥2.4B and total debt of CN¥563.2M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are CN¥3.5B and CN¥1.0B respectively. Hebei Yichen Industrial Group's EBIT is CN¥58.0M making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥230.9M.
Key information
23.2%
Debt to equity ratio
CN¥563.22m
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥230.92m |
| Equity | CN¥2.43b |
| Total liabilities | CN¥1.04b |
| Total assets | CN¥3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HE2's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥807.2M).
Long Term Liabilities: HE2's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥232.7M).
Debt to Equity History and Analysis
Debt Level: HE2's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: HE2's debt to equity ratio has increased from 7.6% to 23.2% over the past 5 years.
Debt Coverage: HE2's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: HE2's interest payments on its debt are well covered by EBIT (7.6x coverage).