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¥270.4M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are CN¥2.1B and CN¥721.8M respectively. HIT Welding IndustryLtd's EBIT is CN¥64.0M making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥524.0M.
Key information
20.1%
Debt to equity ratio
CN¥270.42m
Debt
Interest coverage ratio | -7.1x |
Cash | CN¥523.97m |
Equity | CN¥1.35b |
Total liabilities | CN¥721.82m |
Total assets | CN¥2.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301137's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥681.9M).
Long Term Liabilities: 301137's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥39.9M).
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 21.3% to 20.1% over the past 5 years.
Debt Coverage: 301137's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301137 earns more interest than it pays, so coverage of interest payments is not a concern.