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 ratio | 12.6x |
| Cash | CN¥768.92m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥869.27m |
| Total assets | CN¥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
Zhejiang Hongchang Electrical Technology Co., Ltd.'s (SZSE:301008) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Oct 28Zhejiang Hongchang Electrical Technology (SZSE:301008) May Have Issues Allocating Its Capital
Jul 28We Think That There Are Issues Underlying Zhejiang Hongchang Electrical Technology's (SZSE:301008) Earnings
May 05Calculating The Fair Value Of Zhejiang Hongchang Electrical Technology Co., Ltd. (SZSE:301008)
Apr 12Financial 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 13:21 |
| End of Day Share Price | 2024/12/27 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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Industry and Sector Metrics
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Analyst Sources
Zhejiang Hongchang Electrical Technology Co., Ltd. is covered by 0 analysts. 0 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 |
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