Weihai Honglin Electronic Balance Sheet Health
Financial Health criteria checks 6/6
Weihai Honglin Electronic has a total shareholder equity of CN¥2.8B and total debt of CN¥35.0M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥3.7B and CN¥918.1M respectively. Weihai Honglin Electronic's EBIT is CN¥110.5M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥769.3M.
Key information
1.3%
Debt to equity ratio
CN¥35.01m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥769.27m |
| Equity | CN¥2.80b |
| Total liabilities | CN¥918.12m |
| Total assets | CN¥3.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301439's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥875.2M).
Long Term Liabilities: 301439's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥43.0M).
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 99.4% to 1.3% over the past 5 years.
Debt Coverage: 301439's debt is well covered by operating cash flow (227.7%).
Interest Coverage: 301439 earns more interest than it pays, so coverage of interest payments is not a concern.