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
Hebei Yichen Industrial Group (HKG:1596) Has A Pretty Healthy Balance Sheet
Oct 23
Hebei Yichen Industrial Group (HKG:1596) Takes On Some Risk With Its Use Of Debt
Dec 19Hebei Yichen Industrial Group (HKG:1596) Could Easily Take On More Debt
Apr 02Recent updates
Hebei Yichen Industrial Group (HKG:1596) Has A Pretty Healthy Balance Sheet
Oct 23Hebei Yichen Industrial Group (HKG:1596) Will Be Hoping To Turn Its Returns On Capital Around
Jun 26Hebei Yichen Industrial Group (HKG:1596) Is Reinvesting At Lower Rates Of Return
Oct 19Hebei Yichen Industrial Group's (HKG:1596) Dividend Will Be Reduced To CN¥0.056
May 29Investors Could Be Concerned With Hebei Yichen Industrial Group's (HKG:1596) Returns On Capital
May 25Hebei Yichen Industrial Group (HKG:1596) Takes On Some Risk With Its Use Of Debt
Dec 19Returns On Capital At Hebei Yichen Industrial Group (HKG:1596) Paint A Concerning Picture
Oct 06Investors Could Be Concerned With Hebei Yichen Industrial Group's (HKG:1596) Returns On Capital
Oct 18We Think That There Are Some Issues For Hebei Yichen Industrial Group (HKG:1596) Beyond Its Promising Earnings
May 06Here's Why We Think Hebei Yichen Industrial Group (HKG:1596) Is Well Worth Watching
Apr 20Hebei Yichen Industrial Group (HKG:1596) Could Easily Take On More Debt
Apr 02Zooming in on HKG:1596's 1.0% Dividend Yield
Mar 14Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Feb 25The Trends At Hebei Yichen Industrial Group (HKG:1596) That You Should Know About
Feb 07Is Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) Shareholder Ownership Skewed Towards Insiders?
Jan 20Hebei Yichen Industrial Group's (HKG:1596) Shareholders Are Down 23% On Their Shares
Dec 24
Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Investors Should Think About This Before Buying It For Its Dividend
Dec 09Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Nov 24Financial Position Analysis
Short Term Liabilities: 1596's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥807.2M).
Long Term Liabilities: 1596's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥232.7M).
Debt to Equity History and Analysis
Debt Level: 1596's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: 1596's debt to equity ratio has increased from 7.6% to 23.2% over the past 5 years.
Debt Coverage: 1596's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 1596's interest payments on its debt are well covered by EBIT (7.6x coverage).