Hangzhou Zhongheng Electric Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Zhongheng Electric has a total shareholder equity of CN¥2.4B and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥3.4B and CN¥1.0B respectively. Hangzhou Zhongheng Electric's EBIT is CN¥63.6M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥313.8M.
Key information
0.04%
Debt to equity ratio
CN¥1.00m
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥313.75m |
| Equity | CN¥2.38b |
| Total liabilities | CN¥1.02b |
| Total assets | CN¥3.40b |
Recent financial health updates
Recent updates
We Think Hangzhou Zhongheng Electric's (SZSE:002364) Profit Is Only A Baseline For What They Can Achieve
Nov 04
Is Hangzhou Zhongheng Electric (SZSE:002364) Using Too Much Debt?
Oct 01Hangzhou Zhongheng Electric (SZSE:002364) Is Posting Promising Earnings But The Good News Doesn’t Stop There
May 03There's Reason For Concern Over Hangzhou Zhongheng Electric Co., Ltd's (SZSE:002364) Massive 38% Price Jump
Mar 08Financial Position Analysis
Short Term Liabilities: 002364's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002364's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥10.4M).
Debt to Equity History and Analysis
Debt Level: 002364 has more cash than its total debt.
Reducing Debt: 002364's debt to equity ratio has reduced from 1.9% to 0.04% over the past 5 years.
Debt Coverage: 002364's debt is well covered by operating cash flow (41195.4%).
Interest Coverage: 002364 earns more interest than it pays, so coverage of interest payments is not a concern.