Hangzhou Freely Communication Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Freely Communication has a total shareholder equity of CN¥751.1M and total debt of CN¥704.9M, which brings its debt-to-equity ratio to 93.9%. Its total assets and total liabilities are CN¥2.2B and CN¥1.4B respectively. Hangzhou Freely Communication's EBIT is CN¥65.9M making its interest coverage ratio 5.9. It has cash and short-term investments of CN¥293.3M.
Key information
93.9%
Debt to equity ratio
CN¥704.87m
Debt
| Interest coverage ratio | 5.9x |
| Cash | CN¥293.31m |
| Equity | CN¥751.05m |
| Total liabilities | CN¥1.41b |
| Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Hangzhou Freely Communication Co., Ltd.'s (SHSE:603602) P/S Is Still On The Mark Following 35% Share Price Bounce
Oct 18
Hangzhou Freely Communication (SHSE:603602) Has More To Do To Multiply In Value Going Forward
Sep 30Hangzhou Freely Communication's (SHSE:603602) Shareholders May Want To Dig Deeper Than Statutory Profit
Aug 29Pinning Down Hangzhou Freely Communication Co., Ltd.'s (SHSE:603602) P/E Is Difficult Right Now
Jul 29Hangzhou Freely Communication's (SHSE:603602) Upcoming Dividend Will Be Larger Than Last Year's
Jun 28Hangzhou Freely Communication Co., Ltd.'s (SHSE:603602) 27% Share Price Surge Not Quite Adding Up
Mar 04Financial Position Analysis
Short Term Liabilities: 603602's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603602's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥320.0M).
Debt to Equity History and Analysis
Debt Level: 603602's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: 603602's debt to equity ratio has increased from 21.4% to 93.9% 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 (5.9x coverage).