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¥1.2M, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are CN¥2.3B and CN¥208.7M respectively. Hwaxin EnvironmentalLtd's EBIT is CN¥59.6M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥926.7M.
Key information
0.06%
Debt to equity ratio
CN¥1.20m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥926.74m |
| Equity | CN¥2.06b |
| Total liabilities | CN¥208.69m |
| Total assets | CN¥2.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301265's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥71.9M).
Long Term Liabilities: 301265's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥136.8M).
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 10.9% to 0.06% over the past 5 years.
Debt Coverage: 301265's debt is well covered by operating cash flow (326.2%).
Interest Coverage: 301265 earns more interest than it pays, so coverage of interest payments is not a concern.