China Hongqiao Group Balance Sheet Health
Financial Health criteria checks 6/6
China Hongqiao Group has a total shareholder equity of CN¥110.1B and total debt of CN¥68.5B, which brings its debt-to-equity ratio to 62.2%. Its total assets and total liabilities are CN¥213.7B and CN¥103.6B respectively. China Hongqiao Group's EBIT is CN¥27.4B making its interest coverage ratio 13.1. It has cash and short-term investments of CN¥37.5B.
Key information
62.2%
Debt to equity ratio
CN¥68.51b
Debt
Interest coverage ratio | 13.1x |
Cash | CN¥37.50b |
Equity | CN¥110.08b |
Total liabilities | CN¥103.63b |
Total assets | CN¥213.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1378's short term assets (CN¥97.0B) exceed its short term liabilities (CN¥76.5B).
Long Term Liabilities: 1378's short term assets (CN¥97.0B) exceed its long term liabilities (CN¥27.2B).
Debt to Equity History and Analysis
Debt Level: 1378's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 1378's debt to equity ratio has reduced from 124% to 62.2% over the past 5 years.
Debt Coverage: 1378's debt is well covered by operating cash flow (43.2%).
Interest Coverage: 1378's interest payments on its debt are well covered by EBIT (13.1x coverage).