Hangzhou Heatwell Electric Heating Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Heatwell Electric Heating Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥361.2M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are CN¥2.8B and CN¥791.9M respectively. Hangzhou Heatwell Electric Heating Technology's EBIT is CN¥280.8M making its interest coverage ratio 41.5. It has cash and short-term investments of CN¥948.1M.
Key information
17.6%
Debt to equity ratio
CN¥361.20m
Debt
| Interest coverage ratio | 41.5x |
| Cash | CN¥948.10m |
| Equity | CN¥2.05b |
| Total liabilities | CN¥791.85m |
| Total assets | CN¥2.84b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603075's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥777.6M).
Long Term Liabilities: 603075's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥14.2M).
Debt to Equity History and Analysis
Debt Level: 603075 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603075's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603075's debt is well covered by operating cash flow (102.9%).
Interest Coverage: 603075's interest payments on its debt are well covered by EBIT (41.5x coverage).