Hangzhou Freely Communication Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Freely Communication has a total shareholder equity of CN¥739.6M and total debt of CN¥431.8M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥1.7B and CN¥919.9M respectively. Hangzhou Freely Communication's EBIT is CN¥57.4M making its interest coverage ratio 14.5. It has cash and short-term investments of CN¥133.2M.
Key information
58.4%
Debt to equity ratio
CN¥431.84m
Debt
Interest coverage ratio | 14.5x |
Cash | CN¥133.16m |
Equity | CN¥739.58m |
Total liabilities | CN¥919.89m |
Total assets | CN¥1.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603602's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥605.2M).
Long Term Liabilities: 603602's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥314.7M).
Debt to Equity History and Analysis
Debt Level: 603602's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 603602's debt to equity ratio has increased from 21.8% to 58.4% over the past 5 years.
Debt Coverage: 603602's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603602's interest payments on its debt are well covered by EBIT (14.5x coverage).