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¥1.4B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥1.8B and CN¥405.9M respectively. Hang Zhou Radical Energy-Saving Technology's EBIT is CN¥116.4M making its interest coverage ratio -14. It has cash and short-term investments of CN¥717.0M.
Key information
1.5%
Debt to equity ratio
CN¥20.00m
Debt
Interest coverage ratio | -14x |
Cash | CN¥717.05m |
Equity | CN¥1.35b |
Total liabilities | CN¥405.95m |
Total assets | CN¥1.76b |
Recent financial health updates
No updates
Recent updates
Hang Zhou Radical Energy-Saving Technology's (SZSE:300652) Dividend Will Be Increased To CN¥0.50
May 23Additional Considerations Required While Assessing Hang Zhou Radical Energy-Saving Technology's (SZSE:300652) Strong Earnings
May 06Hang Zhou Radical Energy-Saving Technology Co., Ltd.'s (SZSE:300652) Shares Bounce 34% But Its Business Still Trails The Market
Mar 08Financial Position Analysis
Short Term Liabilities: 300652's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥400.6M).
Long Term Liabilities: 300652's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥5.3M).
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 66.8% to 1.5% over the past 5 years.
Debt Coverage: 300652's debt is well covered by operating cash flow (495.8%).
Interest Coverage: 300652 earns more interest than it pays, so coverage of interest payments is not a concern.