Hangcha Group Balance Sheet Health
Financial Health criteria checks 5/6
Hangcha Group has a total shareholder equity of CN¥9.6B and total debt of CN¥929.4M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are CN¥15.2B and CN¥5.6B respectively. Hangcha Group's EBIT is CN¥1.8B making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥4.0B.
Key information
9.7%
Debt to equity ratio
CN¥929.42m
Debt
| Interest coverage ratio | -5.5x |
| Cash | CN¥3.99b |
| Equity | CN¥9.61b |
| Total liabilities | CN¥5.59b |
| Total assets | CN¥15.20b |
Recent financial health updates
Recent updates
Is Now The Time To Look At Buying Hangcha Group Co., Ltd (SHSE:603298)?
May 09
Hangcha 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¥10.1B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 603298's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥138.8M).
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 0.4% to 9.7% over the past 5 years.
Debt Coverage: 603298's debt is well covered by operating cash flow (172.1%).
Interest Coverage: 603298 earns more interest than it pays, so coverage of interest payments is not a concern.