Hangzhou Advance Gearbox Group Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Advance Gearbox Group has a total shareholder equity of CN¥2.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are CN¥4.7B and CN¥2.2B respectively. Hangzhou Advance Gearbox Group's EBIT is CN¥35.5M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥341.3M.
Key information
43.7%
Debt to equity ratio
CN¥1.09b
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥341.34m |
| Equity | CN¥2.50b |
| Total liabilities | CN¥2.23b |
| Total assets | CN¥4.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601177's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 601177's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥632.0M).
Debt to Equity History and Analysis
Debt Level: 601177's net debt to equity ratio (30%) is considered satisfactory.
Reducing Debt: 601177's debt to equity ratio has reduced from 64.9% to 43.7% over the past 5 years.
Debt Coverage: 601177's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: 601177 earns more interest than it pays, so coverage of interest payments is not a concern.