Chongqing Hifuture Information Technology Balance Sheet Health
Financial Health criteria checks 1/6
Chongqing Hifuture Information Technology has a total shareholder equity of CN¥2.2M and total debt of CN¥595.7M, which brings its debt-to-equity ratio to 27389.4%. Its total assets and total liabilities are CN¥815.7M and CN¥813.5M respectively.
Key information
27,389.4%
Debt to equity ratio
CN¥595.73m
Debt
Interest coverage ratio | n/a |
Cash | CN¥46.04m |
Equity | CN¥2.18m |
Total liabilities | CN¥813.50m |
Total assets | CN¥815.68m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002168's short term assets (CN¥288.9M) do not cover its short term liabilities (CN¥587.4M).
Long Term Liabilities: 002168's short term assets (CN¥288.9M) exceed its long term liabilities (CN¥226.1M).
Debt to Equity History and Analysis
Debt Level: 002168's net debt to equity ratio (25272.7%) is considered high.
Reducing Debt: 002168's debt to equity ratio has increased from 16.8% to 27389.4% over the past 5 years.
Debt Coverage: 002168's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: Insufficient data to determine if 002168's interest payments on its debt are well covered by EBIT.