Hangzhou Zhengqiang Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Zhengqiang has a total shareholder equity of CN¥1.0B and total debt of CN¥165.0M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are CN¥1.4B and CN¥370.2M respectively. Hangzhou Zhengqiang's EBIT is CN¥83.8M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥1.0B.
Key information
16.1%
Debt to equity ratio
CN¥165.00m
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥1.03b |
| Equity | CN¥1.03b |
| Total liabilities | CN¥370.24m |
| Total assets | CN¥1.40b |
Recent financial health updates
No updates
Recent updates
Estimating The Fair Value Of Hangzhou Zhengqiang Corporation Limited (SZSE:301119)
Sep 28
Insufficient Growth At Hangzhou Zhengqiang Corporation Limited (SZSE:301119) Hampers Share Price
Jul 18Hangzhou Zhengqiang's (SZSE:301119) Returns On Capital Not Reflecting Well On The Business
Jun 06Hangzhou Zhengqiang's (SZSE:301119) Weak Earnings May Only Reveal A Part Of The Whole Picture
May 06A Look At The Fair Value Of Hangzhou Zhengqiang Corporation Limited (SZSE:301119)
Apr 17Financial Position Analysis
Short Term Liabilities: 301119's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥351.1M).
Long Term Liabilities: 301119's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥19.2M).
Debt to Equity History and Analysis
Debt Level: 301119 has more cash than its total debt.
Reducing Debt: 301119's debt to equity ratio has increased from 0% to 16.1% over the past 5 years.
Debt Coverage: 301119's debt is well covered by operating cash flow (79.3%).
Interest Coverage: 301119 earns more interest than it pays, so coverage of interest payments is not a concern.