Shanghai Hugong Electric GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Hugong Electric GroupLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥426.6M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are CN¥2.1B and CN¥890.6M respectively. Shanghai Hugong Electric GroupLtd's EBIT is CN¥53.6M making its interest coverage ratio 77.7. It has cash and short-term investments of CN¥806.6M.
Key information
34.7%
Debt to equity ratio
CN¥426.62m
Debt
Interest coverage ratio | 77.7x |
Cash | CN¥806.60m |
Equity | CN¥1.23b |
Total liabilities | CN¥890.59m |
Total assets | CN¥2.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603131's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥443.4M).
Long Term Liabilities: 603131's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥447.2M).
Debt to Equity History and Analysis
Debt Level: 603131 has more cash than its total debt.
Reducing Debt: 603131's debt to equity ratio has increased from 2.3% to 34.7% over the past 5 years.
Debt Coverage: 603131's debt is well covered by operating cash flow (26.5%).
Interest Coverage: 603131's interest payments on its debt are well covered by EBIT (77.7x coverage).