Zhejiang Hongxin Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Hongxin Technology has a total shareholder equity of CN¥453.0M and total debt of CN¥129.9M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are CN¥1.2B and CN¥741.3M respectively. Zhejiang Hongxin Technology's EBIT is CN¥77.9M making its interest coverage ratio 30.2. It has cash and short-term investments of CN¥76.8M.
Key information
28.7%
Debt to equity ratio
CN¥129.90m
Debt
Interest coverage ratio | 30.2x |
Cash | CN¥76.81m |
Equity | CN¥453.04m |
Total liabilities | CN¥741.28m |
Total assets | CN¥1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301539's short term assets (CN¥496.4M) do not cover its short term liabilities (CN¥725.2M).
Long Term Liabilities: 301539's short term assets (CN¥496.4M) exceed its long term liabilities (CN¥16.1M).
Debt to Equity History and Analysis
Debt Level: 301539's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 301539's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301539's debt is well covered by operating cash flow (74.7%).
Interest Coverage: 301539's interest payments on its debt are well covered by EBIT (30.2x coverage).