Guangdong Huicheng Vacuum Technology Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Huicheng Vacuum Technology has a total shareholder equity of CN¥452.7M and total debt of CN¥130.2M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are CN¥851.8M and CN¥399.1M respectively. Guangdong Huicheng Vacuum Technology's EBIT is CN¥86.5M making its interest coverage ratio 23.2. It has cash and short-term investments of CN¥128.9M.
Key information
28.8%
Debt to equity ratio
CN¥130.18m
Debt
Interest coverage ratio | 23.2x |
Cash | CN¥128.91m |
Equity | CN¥452.69m |
Total liabilities | CN¥399.11m |
Total assets | CN¥851.80m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 301392's short term assets (CN¥622.6M) exceed its short term liabilities (CN¥329.1M).
Long Term Liabilities: 301392's short term assets (CN¥622.6M) exceed its long term liabilities (CN¥70.0M).
Debt to Equity History and Analysis
Debt Level: 301392's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 301392's debt to equity ratio has increased from 16.3% to 28.8% over the past 5 years.
Debt Coverage: 301392's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301392's interest payments on its debt are well covered by EBIT (23.2x coverage).