HIT Welding IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
HIT Welding IndustryLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥234.1M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are CN¥2.0B and CN¥709.1M respectively. HIT Welding IndustryLtd's EBIT is CN¥14.6M making its interest coverage ratio -1705.1. It has cash and short-term investments of CN¥463.2M.
Key information
17.6%
Debt to equity ratio
CN¥234.08m
Debt
| Interest coverage ratio | -1705.1x |
| Cash | CN¥463.24m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥709.09m |
| Total assets | CN¥2.04b |
Recent financial health updates
No updates
Recent updates
HIT Welding IndustryLtd's (SZSE:301137) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 01
Be Wary Of HIT Welding IndustryLtd (SZSE:301137) And Its Returns On Capital
Oct 23HIT Welding Industry Co.,Ltd's (SZSE:301137) Shares Climb 30% But Its Business Is Yet to Catch Up
Sep 26HIT Welding IndustryLtd's (SZSE:301137) Dividend Will Be Increased To CN¥0.128
Jun 24Returns On Capital At HIT Welding IndustryLtd (SZSE:301137) Paint A Concerning Picture
Mar 28Financial Position Analysis
Short Term Liabilities: 301137's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥668.2M).
Long Term Liabilities: 301137's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥40.9M).
Debt to Equity History and Analysis
Debt Level: 301137 has more cash than its total debt.
Reducing Debt: 301137's debt to equity ratio has reduced from 20.8% to 17.6% over the past 5 years.
Debt Coverage: 301137's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 301137 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 09:33 |
| End of Day Share Price | 2024/12/25 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HIT Welding Industry 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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