Hangzhou Freely Communication Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Freely Communication has a total shareholder equity of CN¥731.5M and total debt of CN¥586.4M, which brings its debt-to-equity ratio to 80.2%. Its total assets and total liabilities are CN¥1.8B and CN¥1.1B respectively. Hangzhou Freely Communication's EBIT is CN¥53.3M making its interest coverage ratio 9.3. It has cash and short-term investments of CN¥133.1M.
Key information
80.2%
Debt to equity ratio
CN¥586.43m
Debt
| Interest coverage ratio | 9.3x |
| Cash | CN¥133.09m |
| Equity | CN¥731.55m |
| Total liabilities | CN¥1.10b |
| Total assets | CN¥1.83b |
Recent financial health updates
No updates
Recent updates
Hangzhou Freely Communication's (SHSE:603602) Shareholders May Want To Dig Deeper Than Statutory Profit
Aug 29
Pinning 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¥1.3B) exceed its short term liabilities (CN¥787.6M).
Long Term Liabilities: 603602's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥315.5M).
Debt to Equity History and Analysis
Debt Level: 603602's net debt to equity ratio (62%) is considered high.
Reducing Debt: 603602's debt to equity ratio has increased from 25.7% to 80.2% 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 (9.3x coverage).