Hongda High-Tech HoldingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hongda High-Tech HoldingLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥83.9M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥2.2B and CN¥220.5M respectively. Hongda High-Tech HoldingLtd's EBIT is CN¥90.9M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥669.5M.
Key information
4.2%
Debt to equity ratio
CN¥83.87m
Debt
Interest coverage ratio | -3.6x |
Cash | CN¥669.54m |
Equity | CN¥2.01b |
Total liabilities | CN¥220.49m |
Total assets | CN¥2.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002144's short term assets (CN¥916.2M) exceed its short term liabilities (CN¥194.7M).
Long Term Liabilities: 002144's short term assets (CN¥916.2M) exceed its long term liabilities (CN¥25.8M).
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 increased from 0.03% to 4.2% over the past 5 years.
Debt Coverage: 002144's debt is well covered by operating cash flow (92.7%).
Interest Coverage: 002144 earns more interest than it pays, so coverage of interest payments is not a concern.