China Everbright Water Balance Sheet Health
Financial Health criteria checks 2/6
China Everbright Water has a total shareholder equity of HK$13.5B and total debt of HK$15.4B, which brings its debt-to-equity ratio to 114.5%. Its total assets and total liabilities are HK$34.2B and HK$20.8B respectively. China Everbright Water's EBIT is HK$2.2B making its interest coverage ratio 3.9. It has cash and short-term investments of HK$2.0B.
Key information
114.5%
Debt to equity ratio
HK$15.41b
Debt
Interest coverage ratio | 3.9x |
Cash | HK$2.00b |
Equity | HK$13.45b |
Total liabilities | HK$20.77b |
Total assets | HK$34.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BIU2's short term assets (HK$9.6B) exceed its short term liabilities (HK$7.9B).
Long Term Liabilities: BIU2's short term assets (HK$9.6B) do not cover its long term liabilities (HK$12.8B).
Debt to Equity History and Analysis
Debt Level: BIU2's net debt to equity ratio (99.6%) is considered high.
Reducing Debt: BIU2's debt to equity ratio has increased from 87.7% to 114.5% over the past 5 years.
Debt Coverage: BIU2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BIU2's interest payments on its debt are well covered by EBIT (3.9x coverage).