Zhejiang Hongchang Electrical Technology Co., Ltd.

SZSE:301008 Stock Report

Market Cap: CN¥2.2b

Zhejiang Hongchang Electrical Technology Balance Sheet Health

Financial Health criteria checks 5/6

Zhejiang Hongchang Electrical Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥406.4M, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are CN¥2.0B and CN¥869.3M respectively. Zhejiang Hongchang Electrical Technology's EBIT is CN¥69.1M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥768.9M.

Key information

36.5%

Debt to equity ratio

CN¥406.39m

Debt

Interest coverage ratio12.6x
CashCN¥768.92m
EquityCN¥1.11b
Total liabilitiesCN¥869.27m
Total assetsCN¥1.98b

Recent financial health updates

No updates

Recent updates

We Think That There Are More Issues For Zhejiang Hongchang Electrical Technology (SZSE:301008) Than Just Sluggish Earnings

Nov 06
We Think That There Are More Issues For Zhejiang Hongchang Electrical Technology (SZSE:301008) Than Just Sluggish Earnings

Zhejiang Hongchang Electrical Technology Co., Ltd.'s (SZSE:301008) Price Is Right But Growth Is Lacking After Shares Rocket 28%

Oct 28
Zhejiang Hongchang Electrical Technology Co., Ltd.'s (SZSE:301008) Price Is Right But Growth Is Lacking After Shares Rocket 28%

Zhejiang Hongchang Electrical Technology (SZSE:301008) May Have Issues Allocating Its Capital

Jul 28
Zhejiang Hongchang Electrical Technology (SZSE:301008) May Have Issues Allocating Its Capital

We Think That There Are Issues Underlying Zhejiang Hongchang Electrical Technology's (SZSE:301008) Earnings

May 05
We Think That There Are Issues Underlying Zhejiang Hongchang Electrical Technology's (SZSE:301008) Earnings

Calculating The Fair Value Of Zhejiang Hongchang Electrical Technology Co., Ltd. (SZSE:301008)

Apr 12
Calculating The Fair Value Of Zhejiang Hongchang Electrical Technology Co., Ltd. (SZSE:301008)

Financial Position Analysis

Short Term Liabilities: 301008's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥511.0M).

Long Term Liabilities: 301008's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥358.3M).


Debt to Equity History and Analysis

Debt Level: 301008 has more cash than its total debt.

Reducing Debt: 301008's debt to equity ratio has reduced from 44.4% to 36.5% over the past 5 years.

Debt Coverage: 301008's debt is not well covered by operating cash flow (13.8%).

Interest Coverage: 301008's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet


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