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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 13:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hebei Yichen Industrial Group Corporation Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tingting Li | BOCI Research Ltd. |
| Hoi Yin Yip | China Everbright Research Limited |