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¥438.2M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CN¥2.1B and CN¥890.6M respectively. Shanghai Hugong Electric GroupLtd's EBIT is CN¥37.9M making its interest coverage ratio -23.2. It has cash and short-term investments of CN¥806.6M.
Key information
35.6%
Debt to equity ratio
CN¥438.16m
Debt
Interest coverage ratio | -23.2x |
Cash | CN¥806.60m |
Equity | CN¥1.23b |
Total liabilities | CN¥890.59m |
Total assets | CN¥2.12b |
Recent financial health updates
No updates
Recent updates
Shanghai Hugong Electric GroupLtd (SHSE:603131) May Have Issues Allocating Its Capital
May 22Shanghai Hugong Electric Group Co.,Ltd.'s (SHSE:603131) Popularity With Investors Under Threat As Stock Sinks 30%
Apr 16What Shanghai Hugong Electric Group Co.,Ltd.'s (SHSE:603131) P/S Is Not Telling You
Feb 27Financial 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 35.6% over the past 5 years.
Debt Coverage: 603131's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 603131 earns more interest than it pays, so coverage of interest payments is not a concern.