Hoymiles Power Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Hoymiles Power Electronics has a total shareholder equity of CN¥6.4B and total debt of CN¥31.9M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥7.2B and CN¥742.5M respectively. Hoymiles Power Electronics's EBIT is CN¥598.7M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥4.8B.
Key information
0.5%
Debt to equity ratio
CN¥31.87m
Debt
Interest coverage ratio | -3.7x |
Cash | CN¥4.84b |
Equity | CN¥6.41b |
Total liabilities | CN¥742.51m |
Total assets | CN¥7.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688032's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥659.9M).
Long Term Liabilities: 688032's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥82.6M).
Debt to Equity History and Analysis
Debt Level: 688032 has more cash than its total debt.
Reducing Debt: 688032's debt to equity ratio has reduced from 69.3% to 0.5% over the past 5 years.
Debt Coverage: 688032's debt is well covered by operating cash flow (241.9%).
Interest Coverage: 688032 earns more interest than it pays, so coverage of interest payments is not a concern.