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¥392.7M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are CN¥2.0B and CN¥857.2M respectively. Zhejiang Hongchang Electrical Technology's EBIT is CN¥78.2M making its interest coverage ratio -129.4. It has cash and short-term investments of CN¥759.0M.
Key information
35.5%
Debt to equity ratio
CN¥392.74m
Debt
| Interest coverage ratio | -129.4x |
| Cash | CN¥759.03m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥857.17m |
| Total assets | CN¥1.96b |
Recent financial health updates
No updates
Recent updates
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 (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¥500.7M).
Long Term Liabilities: 301008's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥356.4M).
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 44.9% to 35.5% over the past 5 years.
Debt Coverage: 301008's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 301008 earns more interest than it pays, so coverage of interest payments is not a concern.