HongboLtd Balance Sheet Health
Financial Health criteria checks 3/6
HongboLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥562.3M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥3.1B and CN¥1.4B respectively.
Key information
33.8%
Debt to equity ratio
CN¥562.32m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥832.89m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥1.42b |
| Total assets | CN¥3.08b |
Financial Position Analysis
Short Term Liabilities: 002229's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002229's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥276.9M).
Debt to Equity History and Analysis
Debt Level: 002229 has more cash than its total debt.
Reducing Debt: 002229's debt to equity ratio has increased from 8% to 33.8% over the past 5 years.
Debt Coverage: 002229's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002229's interest payments on its debt are well covered by EBIT.