Hiconics Eco-energy Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hiconics Eco-energy Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥2.5M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥3.4B and CN¥1.7B respectively.
Key information
0.1%
Debt to equity ratio
CN¥2.46m
Debt
Interest coverage ratio | n/a |
Cash | CN¥750.75m |
Equity | CN¥1.74b |
Total liabilities | CN¥1.68b |
Total assets | CN¥3.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300048's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300048's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥54.3M).
Debt to Equity History and Analysis
Debt Level: 300048 has more cash than its total debt.
Reducing Debt: 300048's debt to equity ratio has reduced from 24.2% to 0.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 300048 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300048 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.6% per year.