Chengdu Haoneng Technology Balance Sheet Health
Financial Health criteria checks 4/6
Chengdu Haoneng Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are CN¥5.3B and CN¥3.0B respectively. Chengdu Haoneng Technology's EBIT is CN¥440.3M making its interest coverage ratio 129.9. It has cash and short-term investments of CN¥201.2M.
Key information
70.6%
Debt to equity ratio
CN¥1.64b
Debt
Interest coverage ratio | 129.9x |
Cash | CN¥201.21m |
Equity | CN¥2.33b |
Total liabilities | CN¥3.01b |
Total assets | CN¥5.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603809's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603809's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603809's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: 603809's debt to equity ratio has increased from 16.2% to 70.6% over the past 5 years.
Debt Coverage: 603809's debt is well covered by operating cash flow (31.6%).
Interest Coverage: 603809's interest payments on its debt are well covered by EBIT (129.9x coverage).