Hisense Visual Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hisense Visual Technology has a total shareholder equity of CN¥25.3B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥42.8B and CN¥17.6B respectively. Hisense Visual Technology's EBIT is CN¥1.9B making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥14.6B.
Key information
6.4%
Debt to equity ratio
CN¥1.61b
Debt
Interest coverage ratio | -4.7x |
Cash | CN¥14.63b |
Equity | CN¥25.29b |
Total liabilities | CN¥17.56b |
Total assets | CN¥42.84b |
Financial Position Analysis
Short Term Liabilities: 600060's short term assets (CN¥33.4B) exceed its short term liabilities (CN¥16.0B).
Long Term Liabilities: 600060's short term assets (CN¥33.4B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 600060 has more cash than its total debt.
Reducing Debt: 600060's debt to equity ratio has reduced from 18.8% to 6.4% over the past 5 years.
Debt Coverage: 600060's debt is well covered by operating cash flow (86.4%).
Interest Coverage: 600060 earns more interest than it pays, so coverage of interest payments is not a concern.