Hebei Huatong Wires and Cables Group Balance Sheet Health
Financial Health criteria checks 5/6
Hebei Huatong Wires and Cables Group has a total shareholder equity of CN¥2.9B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 63.6%. Its total assets and total liabilities are CN¥5.8B and CN¥2.9B respectively. Hebei Huatong Wires and Cables Group's EBIT is CN¥500.0M making its interest coverage ratio 19.8. It has cash and short-term investments of CN¥950.3M.
Key information
63.6%
Debt to equity ratio
CN¥1.87b
Debt
Interest coverage ratio | 19.8x |
Cash | CN¥950.30m |
Equity | CN¥2.93b |
Total liabilities | CN¥2.88b |
Total assets | CN¥5.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605196's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 605196's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥270.9M).
Debt to Equity History and Analysis
Debt Level: 605196's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: 605196's debt to equity ratio has increased from 29.9% to 63.6% over the past 5 years.
Debt Coverage: 605196's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 605196's interest payments on its debt are well covered by EBIT (19.8x coverage).