Hangzhou Cable Balance Sheet Health
Financial Health criteria checks 2/6
Hangzhou Cable has a total shareholder equity of CN¥3.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 155.1%. Its total assets and total liabilities are CN¥10.2B and CN¥7.2B respectively. Hangzhou Cable's EBIT is CN¥330.4M making its interest coverage ratio 2. It has cash and short-term investments of CN¥1.0B.
Key information
155.1%
Debt to equity ratio
CN¥4.74b
Debt
Interest coverage ratio | 2x |
Cash | CN¥1.04b |
Equity | CN¥3.06b |
Total liabilities | CN¥7.19b |
Total assets | CN¥10.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603618's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 603618's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥989.5M).
Debt to Equity History and Analysis
Debt Level: 603618's net debt to equity ratio (121.1%) is considered high.
Reducing Debt: 603618's debt to equity ratio has increased from 108.1% to 155.1% over the past 5 years.
Debt Coverage: 603618's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603618's interest payments on its debt are not well covered by EBIT (2x coverage).