Hwaxin EnvironmentalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hwaxin EnvironmentalLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥689.0K, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥2.3B and CN¥217.5M respectively. Hwaxin EnvironmentalLtd's EBIT is CN¥42.9M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥812.4M.
Key information
0.03%
Debt to equity ratio
CN¥689.05k
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥812.41m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥217.50m |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Recent updates
Hwaxin EnvironmentalLtd's (SZSE:301265) Conservative Accounting Might Explain Soft Earnings
Oct 31
Hwaxin EnvironmentalLtd's (SZSE:301265) Returns On Capital Not Reflecting Well On The Business
Oct 01Some May Be Optimistic About Hwaxin EnvironmentalLtd's (SZSE:301265) Earnings
Apr 29Hwaxin EnvironmentalLtd's (SZSE:301265) Returns On Capital Not Reflecting Well On The Business
Apr 17Financial Position Analysis
Short Term Liabilities: 301265's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥101.9M).
Long Term Liabilities: 301265's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥115.6M).
Debt to Equity History and Analysis
Debt Level: 301265 has more cash than its total debt.
Reducing Debt: 301265's debt to equity ratio has reduced from 11.2% to 0.03% over the past 5 years.
Debt Coverage: 301265's debt is well covered by operating cash flow (4486.1%).
Interest Coverage: 301265 earns more interest than it pays, so coverage of interest payments is not a concern.