Huakai Yibai TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huakai Yibai TechnologyLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥504.6M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥4.5B and CN¥2.3B respectively. Huakai Yibai TechnologyLtd's EBIT is CN¥234.0M making its interest coverage ratio -35.7. It has cash and short-term investments of CN¥290.7M.
Key information
22.6%
Debt to equity ratio
CN¥504.56m
Debt
| Interest coverage ratio | -35.7x |
| Cash | CN¥290.73m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥2.30b |
| Total assets | CN¥4.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300592's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300592's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥741.9M).
Debt to Equity History and Analysis
Debt Level: 300592's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: 300592's debt to equity ratio has reduced from 27.3% to 22.6% over the past 5 years.
Debt Coverage: 300592's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300592 earns more interest than it pays, so coverage of interest payments is not a concern.