Hangzhou Honghua Digital Technology Stock Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Honghua Digital Technology Stock has a total shareholder equity of CN¥2.9B and total debt of CN¥51.2M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥3.5B and CN¥606.0M respectively. Hangzhou Honghua Digital Technology Stock's EBIT is CN¥390.9M making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥1.3B.
Key information
1.8%
Debt to equity ratio
CN¥51.19m
Debt
| Interest coverage ratio | -10.4x |
| Cash | CN¥1.32b |
| Equity | CN¥2.86b |
| Total liabilities | CN¥605.98m |
| Total assets | CN¥3.46b |
Financial Position Analysis
Short Term Liabilities: 688789's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥537.9M).
Long Term Liabilities: 688789's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥68.1M).
Debt to Equity History and Analysis
Debt Level: 688789 has more cash than its total debt.
Reducing Debt: 688789's debt to equity ratio has increased from 0% to 1.8% over the past 5 years.
Debt Coverage: 688789's debt is well covered by operating cash flow (548.1%).
Interest Coverage: 688789 earns more interest than it pays, so coverage of interest payments is not a concern.