Hangcha Group Balance Sheet Health
Financial Health criteria checks 5/6
Hangcha Group has a total shareholder equity of CN¥10.4B and total debt of CN¥279.0M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥15.5B and CN¥5.1B respectively. Hangcha Group's EBIT is CN¥1.8B making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥3.5B.
Key information
2.7%
Debt to equity ratio
CN¥279.04m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥3.51b |
| Equity | CN¥10.37b |
| Total liabilities | CN¥5.12b |
| Total assets | CN¥15.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603298's short term assets (CN¥9.8B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 603298's short term assets (CN¥9.8B) exceed its long term liabilities (CN¥407.6M).
Debt to Equity History and Analysis
Debt Level: 603298 has more cash than its total debt.
Reducing Debt: 603298's debt to equity ratio has increased from 0.2% to 2.7% over the past 5 years.
Debt Coverage: 603298's debt is well covered by operating cash flow (491.6%).
Interest Coverage: 603298 earns more interest than it pays, so coverage of interest payments is not a concern.