Weihai Honglin Electronic Balance Sheet Health
Financial Health criteria checks 6/6
Weihai Honglin Electronic has a total shareholder equity of CN¥2.9B and total debt of CN¥52.3M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥4.1B and CN¥1.2B respectively. Weihai Honglin Electronic's EBIT is CN¥94.5M making its interest coverage ratio -3. It has cash and short-term investments of CN¥997.3M.
Key information
1.8%
Debt to equity ratio
CN¥52.31m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥997.32m |
| Equity | CN¥2.89b |
| Total liabilities | CN¥1.19b |
| Total assets | CN¥4.08b |
Recent financial health updates
Recent updates
Weihai Honglin Electronic (SZSE:301439) Shareholders Should Be Cautious Despite Solid Earnings
Nov 04
Here's Why Weihai Honglin Electronic (SZSE:301439) Can Manage Its Debt Responsibly
Oct 02Returns On Capital Signal Tricky Times Ahead For Weihai Honglin Electronic (SZSE:301439)
Jun 07Weihai Honglin Electronic's (SZSE:301439) Earnings Are Of Questionable Quality
May 02Financial Position Analysis
Short Term Liabilities: 301439's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 301439's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥42.4M).
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 85.1% to 1.8% over the past 5 years.
Debt Coverage: 301439's debt is well covered by operating cash flow (172.8%).
Interest Coverage: 301439 earns more interest than it pays, so coverage of interest payments is not a concern.