Weihai Honglin Electronic Balance Sheet Health
Financial Health criteria checks 5/6
Weihai Honglin Electronic has a total shareholder equity of CN¥2.9B and total debt of CN¥41.5M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥3.6B and CN¥775.1M respectively. Weihai Honglin Electronic's EBIT is CN¥103.4M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥998.4M.
Key information
1.5%
Debt to equity ratio
CN¥41.54m
Debt
| Interest coverage ratio | -3.9x |
| Cash | CN¥998.40m |
| Equity | CN¥2.86b |
| Total liabilities | CN¥775.13m |
| Total assets | CN¥3.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301439's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥726.8M).
Long Term Liabilities: 301439's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥48.4M).
Debt to Equity History and Analysis
Debt Level: 301439 has more cash than its total debt.
Reducing Debt: 301439's debt to equity ratio has reduced from 116.6% to 1.5% over the past 5 years.
Debt Coverage: 301439's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301439 earns more interest than it pays, so coverage of interest payments is not a concern.