China Water Affairs Group Balance Sheet Health
Financial Health criteria checks 1/6
China Water Affairs Group has a total shareholder equity of HK$20.3B and total debt of HK$24.2B, which brings its debt-to-equity ratio to 118.9%. Its total assets and total liabilities are HK$60.3B and HK$39.9B respectively. China Water Affairs Group's EBIT is HK$4.3B making its interest coverage ratio 7.6. It has cash and short-term investments of HK$5.8B.
Key information
118.9%
Debt to equity ratio
HK$24.19b
Debt
Interest coverage ratio | 7.6x |
Cash | HK$5.76b |
Equity | HK$20.34b |
Total liabilities | HK$39.93b |
Total assets | HK$60.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWAF.F's short term assets (HK$17.2B) do not cover its short term liabilities (HK$20.9B).
Long Term Liabilities: CWAF.F's short term assets (HK$17.2B) do not cover its long term liabilities (HK$19.0B).
Debt to Equity History and Analysis
Debt Level: CWAF.F's net debt to equity ratio (90.6%) is considered high.
Reducing Debt: CWAF.F's debt to equity ratio has increased from 115% to 118.9% over the past 5 years.
Debt Coverage: CWAF.F's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: CWAF.F's interest payments on its debt are well covered by EBIT (7.6x coverage).