Zhuzhou Huarui Precision Cutting ToolsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhuzhou Huarui Precision Cutting ToolsLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥568.9M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are CN¥2.4B and CN¥1.1B respectively. Zhuzhou Huarui Precision Cutting ToolsLtd's EBIT is CN¥220.1M making its interest coverage ratio -120.5. It has cash and short-term investments of CN¥132.3M.
Key information
44.5%
Debt to equity ratio
CN¥568.95m
Debt
| Interest coverage ratio | -120.5x |
| Cash | CN¥132.26m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥1.09b |
| Total assets | CN¥2.37b |
Financial Position Analysis
Short Term Liabilities: 688059's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥551.0M).
Long Term Liabilities: 688059's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥535.0M).
Debt to Equity History and Analysis
Debt Level: 688059's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: 688059's debt to equity ratio has increased from 21.6% to 44.5% over the past 5 years.
Debt Coverage: 688059's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688059 earns more interest than it pays, so coverage of interest payments is not a concern.