Hunan Zhongke Electric Balance Sheet Health
Financial Health criteria checks 3/6
Hunan Zhongke Electric has a total shareholder equity of CN¥5.2B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are CN¥11.5B and CN¥6.3B respectively. Hunan Zhongke Electric's EBIT is CN¥458.2M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥834.1M.
Key information
56.4%
Debt to equity ratio
CN¥2.93b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥834.11m |
| Equity | CN¥5.19b |
| Total liabilities | CN¥6.28b |
| Total assets | CN¥11.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300035's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 300035's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 300035's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 300035's debt to equity ratio has increased from 36.4% to 56.4% over the past 5 years.
Debt Coverage: 300035's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 300035's interest payments on its debt are well covered by EBIT (3.7x coverage).