Hongda High-Tech HoldingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hongda High-Tech HoldingLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥3.5M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥2.2B and CN¥185.5M respectively. Hongda High-Tech HoldingLtd's EBIT is CN¥74.7M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥251.4M.
Key information
0.2%
Debt to equity ratio
CN¥3.53m
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥251.40m |
| Equity | CN¥2.03b |
| Total liabilities | CN¥185.53m |
| Total assets | CN¥2.22b |
Recent financial health updates
No updates
Recent updates
We Like Hongda High-Tech HoldingLtd's (SZSE:002144) Earnings For More Than Just Statutory Profit
Nov 05
Investors Met With Slowing Returns on Capital At Hongda High-Tech HoldingLtd (SZSE:002144)
Sep 27Hongda High-Tech HoldingLtd's (SZSE:002144) Dividend Will Be Increased To CN¥0.15
Jun 17Capital Allocation Trends At Hongda High-Tech HoldingLtd (SZSE:002144) Aren't Ideal
Jun 07Hongda High-Tech HoldingLtd's (SZSE:002144) Solid Earnings Have Been Accounted For Conservatively
May 06Financial Position Analysis
Short Term Liabilities: 002144's short term assets (CN¥556.9M) exceed its short term liabilities (CN¥155.9M).
Long Term Liabilities: 002144's short term assets (CN¥556.9M) exceed its long term liabilities (CN¥29.6M).
Debt to Equity History and Analysis
Debt Level: 002144 has more cash than its total debt.
Reducing Debt: 002144's debt to equity ratio has reduced from 0.3% to 0.2% over the past 5 years.
Debt Coverage: 002144's debt is well covered by operating cash flow (1854.3%).
Interest Coverage: 002144 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 | 2024/12/22 00:18 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| 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
Hongda High-Tech Holding Co.,Ltd. is covered by 1 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 |
|---|---|
| Xu Wang | TX Investment Consulting Co., Ltd. |