Hengtong Logistics Balance Sheet Health
Financial Health criteria checks 6/6
Hengtong Logistics has a total shareholder equity of CN¥3.8B and total debt of CN¥547.6M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are CN¥5.0B and CN¥1.2B respectively. Hengtong Logistics's EBIT is CN¥105.7M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥1.7B.
Key information
14.5%
Debt to equity ratio
CN¥547.63m
Debt
Interest coverage ratio | -3.5x |
Cash | CN¥1.66b |
Equity | CN¥3.78b |
Total liabilities | CN¥1.17b |
Total assets | CN¥4.95b |
Financial Position Analysis
Short Term Liabilities: 603223's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥783.1M).
Long Term Liabilities: 603223's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥391.6M).
Debt to Equity History and Analysis
Debt Level: 603223 has more cash than its total debt.
Reducing Debt: 603223's debt to equity ratio has reduced from 17.8% to 14.5% over the past 5 years.
Debt Coverage: 603223's debt is well covered by operating cash flow (44.4%).
Interest Coverage: 603223 earns more interest than it pays, so coverage of interest payments is not a concern.