Guangdong Hongxing Industrial Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Hongxing Industrial has a total shareholder equity of CN¥1.3B and total debt of CN¥80.6M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥1.8B and CN¥508.4M respectively. Guangdong Hongxing Industrial's EBIT is CN¥71.1M making its interest coverage ratio -32.1. It has cash and short-term investments of CN¥242.3M.
Key information
6.3%
Debt to equity ratio
CN¥80.61m
Debt
| Interest coverage ratio | -32.1x |
| Cash | CN¥242.34m |
| Equity | CN¥1.29b |
| Total liabilities | CN¥508.42m |
| Total assets | CN¥1.80b |
Financial Position Analysis
Short Term Liabilities: 001209's short term assets (CN¥909.4M) exceed its short term liabilities (CN¥387.6M).
Long Term Liabilities: 001209's short term assets (CN¥909.4M) exceed its long term liabilities (CN¥120.8M).
Debt to Equity History and Analysis
Debt Level: 001209 has more cash than its total debt.
Reducing Debt: 001209's debt to equity ratio has increased from 0% to 6.3% over the past 5 years.
Debt Coverage: 001209's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: 001209 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 14:46 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Guangdong Hongxing Industrial Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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