Qingdao Hanhe CableLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Hanhe CableLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥12.4B and CN¥4.3B respectively. Qingdao Hanhe CableLtd's EBIT is CN¥593.8M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥3.1B.
Key information
32.3%
Debt to equity ratio
CN¥2.64b
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥3.11b |
| Equity | CN¥8.16b |
| Total liabilities | CN¥4.28b |
| Total assets | CN¥12.44b |
Recent financial health updates
Does Qingdao Hanhe CableLtd (SZSE:002498) Have A Healthy Balance Sheet?
Nov 29
Is Qingdao Hanhe CableLtd (SZSE:002498) A Risky Investment?
Aug 20Recent updates
Does Qingdao Hanhe CableLtd (SZSE:002498) Have A Healthy Balance Sheet?
Nov 29Investors Met With Slowing Returns on Capital At Qingdao Hanhe CableLtd (SZSE:002498)
Oct 17Why Investors Shouldn't Be Surprised By Qingdao Hanhe Cable Co.,Ltd's (SZSE:002498) Low P/E
Sep 25Is Qingdao Hanhe CableLtd (SZSE:002498) A Risky Investment?
Aug 20Are Investors Undervaluing Qingdao Hanhe Cable Co.,Ltd (SZSE:002498) By 24%?
Aug 01Qingdao Hanhe Cable Co.,Ltd's (SZSE:002498) Share Price Is Matching Sentiment Around Its Earnings
Jun 25Qingdao Hanhe CableLtd (SZSE:002498) Has Announced A Dividend Of CN¥0.036
Jun 07Qingdao Hanhe CableLtd (SZSE:002498) Is Doing The Right Things To Multiply Its Share Price
May 21Financial Position Analysis
Short Term Liabilities: 002498's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 002498's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥131.6M).
Debt to Equity History and Analysis
Debt Level: 002498 has more cash than its total debt.
Reducing Debt: 002498's debt to equity ratio has increased from 0% to 32.3% over the past 5 years.
Debt Coverage: 002498's debt is well covered by operating cash flow (25.4%).
Interest Coverage: 002498 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 07:29 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Qingdao Hanhe Cable Co.,Ltd is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhongshu Yin | Everbright Securities Co. Ltd. |
| Weiqi Wang | Guosen Securities Co., Ltd. |
| Fanghong Xu | Huatai Research |