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¥440.8M, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are CN¥2.0B and CN¥849.8M respectively. Zhejiang Hongchang Electrical Technology's EBIT is CN¥92.4M making its interest coverage ratio -1749.5. It has cash and short-term investments of CN¥793.8M.
Key information
38.9%
Debt to equity ratio
CN¥440.82m
Debt
| Interest coverage ratio | -1749.5x |
| Cash | CN¥793.82m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥849.84m |
| Total assets | CN¥1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301008's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥498.0M).
Long Term Liabilities: 301008's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥351.8M).
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 45.4% to 38.9% over the past 5 years.
Debt Coverage: 301008's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 301008 earns more interest than it pays, so coverage of interest payments is not a concern.