Hang Zhou Radical Energy-Saving Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hang Zhou Radical Energy-Saving Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥686.4K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥1.7B and CN¥355.5M respectively. Hang Zhou Radical Energy-Saving Technology's EBIT is CN¥119.5M making its interest coverage ratio -213.1. It has cash and short-term investments of CN¥703.8M.
Key information
0.05%
Debt to equity ratio
CN¥686.43k
Debt
Interest coverage ratio | -213.1x |
Cash | CN¥703.80m |
Equity | CN¥1.32b |
Total liabilities | CN¥355.47m |
Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300652's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥349.9M).
Long Term Liabilities: 300652's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥5.6M).
Debt to Equity History and Analysis
Debt Level: 300652 has more cash than its total debt.
Reducing Debt: 300652's debt to equity ratio has reduced from 67.3% to 0.05% over the past 5 years.
Debt Coverage: 300652's debt is well covered by operating cash flow (16205.6%).
Interest Coverage: 300652 earns more interest than it pays, so coverage of interest payments is not a concern.