Horizon Construction Development Balance Sheet Health
Financial Health criteria checks 2/6
Horizon Construction Development has a total shareholder equity of CN¥10.8B and total debt of CN¥17.3B, which brings its debt-to-equity ratio to 160.9%. Its total assets and total liabilities are CN¥31.2B and CN¥20.5B respectively. Horizon Construction Development's EBIT is CN¥2.0B making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥3.9B.
Key information
160.9%
Debt to equity ratio
CN¥17.34b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥3.86b |
| Equity | CN¥10.78b |
| Total liabilities | CN¥20.46b |
| Total assets | CN¥31.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9930's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 9930's short term assets (CN¥11.1B) do not cover its long term liabilities (CN¥11.2B).
Debt to Equity History and Analysis
Debt Level: 9930's net debt to equity ratio (125.1%) is considered high.
Reducing Debt: Insufficient data to determine if 9930's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9930's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 9930's interest payments on its debt are not well covered by EBIT (2.4x coverage).