Hangzhou Greatstar Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Greatstar Industrial has a total shareholder equity of CN¥15.4B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are CN¥20.8B and CN¥5.4B respectively. Hangzhou Greatstar Industrial's EBIT is CN¥1.6B making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥5.9B.
Key information
18.4%
Debt to equity ratio
CN¥2.85b
Debt
Interest coverage ratio | -4.6x |
Cash | CN¥5.89b |
Equity | CN¥15.44b |
Total liabilities | CN¥5.37b |
Total assets | CN¥20.81b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Hangzhou Greatstar Industrial Co., Ltd (SZSE:002444) Stock's 26% Jump Looks Justified
Apr 03Here's What To Make Of Hangzhou Greatstar Industrial's (SZSE:002444) Decelerating Rates Of Return
Mar 13These 4 Measures Indicate That Hangzhou Greatstar Industrial (SZSE:002444) Is Using Debt Safely
Feb 29Financial Position Analysis
Short Term Liabilities: 002444's short term assets (CN¥11.7B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002444's short term assets (CN¥11.7B) exceed its long term liabilities (CN¥433.7M).
Debt to Equity History and Analysis
Debt Level: 002444 has more cash than its total debt.
Reducing Debt: 002444's debt to equity ratio has reduced from 19.8% to 18.4% over the past 5 years.
Debt Coverage: 002444's debt is well covered by operating cash flow (68.6%).
Interest Coverage: 002444 earns more interest than it pays, so coverage of interest payments is not a concern.