New Huadu Technology Balance Sheet Health
Financial Health criteria checks 5/6
New Huadu Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥238.0M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CN¥3.2B and CN¥1.5B respectively. New Huadu Technology's EBIT is CN¥251.9M making its interest coverage ratio -33.7. It has cash and short-term investments of CN¥1.2B.
Key information
14.1%
Debt to equity ratio
CN¥238.03m
Debt
Interest coverage ratio | -33.7x |
Cash | CN¥1.22b |
Equity | CN¥1.68b |
Total liabilities | CN¥1.52b |
Total assets | CN¥3.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002264's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002264's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥12.9M).
Debt to Equity History and Analysis
Debt Level: 002264 has more cash than its total debt.
Reducing Debt: 002264's debt to equity ratio has reduced from 24.2% to 14.1% over the past 5 years.
Debt Coverage: 002264's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002264 earns more interest than it pays, so coverage of interest payments is not a concern.