Hangzhou Zhongheng Electric Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Zhongheng Electric has a total shareholder equity of CN¥2.3B and total debt of CN¥110.1M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥3.3B and CN¥945.3M respectively. Hangzhou Zhongheng Electric's EBIT is CN¥4.6M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥503.2M.
Key information
4.7%
Debt to equity ratio
CN¥110.08m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥503.21m |
Equity | CN¥2.34b |
Total liabilities | CN¥945.33m |
Total assets | CN¥3.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002364's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥934.9M).
Long Term Liabilities: 002364's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥10.4M).
Debt to Equity History and Analysis
Debt Level: 002364 has more cash than its total debt.
Reducing Debt: 002364's debt to equity ratio has increased from 0% to 4.7% over the past 5 years.
Debt Coverage: 002364's debt is well covered by operating cash flow (211%).
Interest Coverage: 002364 earns more interest than it pays, so coverage of interest payments is not a concern.