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 |
Recent financial health updates
No updates
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.