Hisense Home Appliances Group Balance Sheet Health
Financial Health criteria checks 5/6
Hisense Home Appliances Group has a total shareholder equity of CN¥18.3B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥68.6B and CN¥50.2B respectively. Hisense Home Appliances Group's EBIT is CN¥4.3B making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥25.0B.
Key information
16.2%
Debt to equity ratio
CN¥2.96b
Debt
| Interest coverage ratio | -5.7x |
| Cash | CN¥24.99b |
| Equity | CN¥18.32b |
| Total liabilities | CN¥50.24b |
| Total assets | CN¥68.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 921's short term assets (CN¥49.2B) exceed its short term liabilities (CN¥47.8B).
Long Term Liabilities: 921's short term assets (CN¥49.2B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 921 has more cash than its total debt.
Reducing Debt: 921's debt to equity ratio has increased from 0% to 16.2% over the past 5 years.
Debt Coverage: 921's debt is well covered by operating cash flow (240.2%).
Interest Coverage: 921 earns more interest than it pays, so coverage of interest payments is not a concern.