HongboLtd Balance Sheet Health
Financial Health criteria checks 3/6
HongboLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥452.6M, which brings its debt-to-equity ratio to 27.5%. Its total assets and total liabilities are CN¥3.4B and CN¥1.7B respectively.
Key information
27.5%
Debt to equity ratio
CN¥452.59m
Debt
Interest coverage ratio | n/a |
Cash | CN¥738.19m |
Equity | CN¥1.65b |
Total liabilities | CN¥1.74b |
Total assets | CN¥3.39b |
Recent financial health updates
Health Check: How Prudently Does HongboLtd (SZSE:002229) Use Debt?
Jul 31Is HongboLtd (SZSE:002229) Using Debt Sensibly?
Apr 30Recent updates
Health Check: How Prudently Does HongboLtd (SZSE:002229) Use Debt?
Jul 31Some Hongbo Co.,Ltd. (SZSE:002229) Shareholders Look For Exit As Shares Take 29% Pounding
Jun 19Hongbo Co.,Ltd.'s (SZSE:002229) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
May 01Is HongboLtd (SZSE:002229) Using Debt Sensibly?
Apr 30Financial Position Analysis
Short Term Liabilities: 002229's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002229's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥324.9M).
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 27.5% 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.