Hangcha Group Balance Sheet Health
Financial Health criteria checks 5/6
Hangcha Group has a total shareholder equity of CN¥10.4B and total debt of CN¥279.0M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥15.5B and CN¥5.1B respectively. Hangcha Group's EBIT is CN¥1.8B making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥3.5B.
Key information
2.7%
Debt to equity ratio
CN¥279.04m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥3.51b |
| Equity | CN¥10.37b |
| Total liabilities | CN¥5.12b |
| Total assets | CN¥15.49b |
Recent financial health updates
Does Hangcha Group (SHSE:603298) Have A Healthy Balance Sheet?
Jul 12
These 4 Measures Indicate That Hangcha Group (SHSE:603298) Is Using Debt Reasonably Well
Mar 27Recent updates
Return Trends At Hangcha Group (SHSE:603298) Aren't Appealing
Nov 07Lacklustre Performance Is Driving Hangcha Group Co., Ltd's (SHSE:603298) Low P/E
Sep 23At CN¥17.20, Is Hangcha Group Co., Ltd (SHSE:603298) Worth Looking At Closely?
Sep 07Should You Be Adding Hangcha Group (SHSE:603298) To Your Watchlist Today?
Aug 12Returns On Capital Are Showing Encouraging Signs At Hangcha Group (SHSE:603298)
Jul 28Does Hangcha Group (SHSE:603298) Have A Healthy Balance Sheet?
Jul 12An Intrinsic Calculation For Hangcha Group Co., Ltd (SHSE:603298) Suggests It's 22% Undervalued
May 22Is Now The Time To Look At Buying Hangcha Group Co., Ltd (SHSE:603298)?
May 09Hangcha Group Co., Ltd Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models
Apr 26Should You Be Adding Hangcha Group (SHSE:603298) To Your Watchlist Today?
Apr 14These 4 Measures Indicate That Hangcha Group (SHSE:603298) Is Using Debt Reasonably Well
Mar 27We Like These Underlying Return On Capital Trends At Hangcha Group (SHSE:603298)
Feb 29Financial Position Analysis
Short Term Liabilities: 603298's short term assets (CN¥9.8B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 603298's short term assets (CN¥9.8B) exceed its long term liabilities (CN¥407.6M).
Debt to Equity History and Analysis
Debt Level: 603298 has more cash than its total debt.
Reducing Debt: 603298's debt to equity ratio has increased from 0.2% to 2.7% over the past 5 years.
Debt Coverage: 603298's debt is well covered by operating cash flow (491.6%).
Interest Coverage: 603298 earns more interest than it pays, so coverage of interest payments is not a concern.