Chengdu Haoneng Technology Balance Sheet Health
Financial Health criteria checks 3/6
Chengdu Haoneng Technology has a total shareholder equity of CN¥2.4B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CN¥5.6B and CN¥3.2B respectively. Chengdu Haoneng Technology's EBIT is CN¥488.8M making its interest coverage ratio 5.9. It has cash and short-term investments of CN¥208.2M.
Key information
81.5%
Debt to equity ratio
CN¥1.97b
Debt
| Interest coverage ratio | 5.9x |
| Cash | CN¥208.22m |
| Equity | CN¥2.42b |
| Total liabilities | CN¥3.16b |
| Total assets | CN¥5.58b |
Recent financial health updates
Recent updates
Here's Why We Think Chengdu Haoneng Technology (SHSE:603809) Might Deserve Your Attention Today
Nov 17
We Think Chengdu Haoneng Technology's (SHSE:603809) Healthy Earnings Might Be Conservative
Nov 02Chengdu Haoneng Technology (SHSE:603809) Has A Somewhat Strained Balance Sheet
May 24Chengdu Haoneng Technology Co., Ltd. (SHSE:603809) Stock Catapults 26% Though Its Price And Business Still Lag The Market
May 03Market Still Lacking Some Conviction On Chengdu Haoneng Technology Co., Ltd. (SHSE:603809)
Mar 06Financial Position Analysis
Short Term Liabilities: 603809's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603809's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603809's net debt to equity ratio (72.9%) is considered high.
Reducing Debt: 603809's debt to equity ratio has increased from 18.6% to 81.5% over the past 5 years.
Debt Coverage: 603809's debt is well covered by operating cash flow (37%).
Interest Coverage: 603809's interest payments on its debt are well covered by EBIT (5.9x coverage).