Ningbo Huaxiang Electronic Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Huaxiang Electronic has a total shareholder equity of CN¥14.2B and total debt of CN¥913.6M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CN¥26.8B and CN¥12.7B respectively. Ningbo Huaxiang Electronic's EBIT is CN¥1.5B making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥3.6B.
Key information
6.5%
Debt to equity ratio
CN¥913.57m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥3.61b |
Equity | CN¥14.15b |
Total liabilities | CN¥12.68b |
Total assets | CN¥26.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002048's short term assets (CN¥15.4B) exceed its short term liabilities (CN¥10.7B).
Long Term Liabilities: 002048's short term assets (CN¥15.4B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 002048 has more cash than its total debt.
Reducing Debt: 002048's debt to equity ratio has reduced from 16.2% to 6.5% over the past 5 years.
Debt Coverage: 002048's debt is well covered by operating cash flow (347.2%).
Interest Coverage: 002048 earns more interest than it pays, so coverage of interest payments is not a concern.