China Hi-Tech Group Balance Sheet Health
Financial Health criteria checks 5/6
China Hi-Tech Group has a total shareholder equity of CN¥1.8B and total debt of CN¥192.3K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥2.1B and CN¥269.7M respectively. China Hi-Tech Group's EBIT is CN¥79.4K making its interest coverage ratio -0. It has cash and short-term investments of CN¥1.1B.
Key information
0.01%
Debt to equity ratio
CN¥192.25k
Debt
Interest coverage ratio | -0.02x |
Cash | CN¥1.14b |
Equity | CN¥1.78b |
Total liabilities | CN¥269.67m |
Total assets | CN¥2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600730's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥78.6M).
Long Term Liabilities: 600730's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥191.1M).
Debt to Equity History and Analysis
Debt Level: 600730 has more cash than its total debt.
Reducing Debt: 600730's debt to equity ratio has reduced from 40.4% to 0.01% over the past 5 years.
Debt Coverage: 600730's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600730 earns more interest than it pays, so coverage of interest payments is not a concern.