Jiangsu Hongtian TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Hongtian TechnologyLtd has a total shareholder equity of CN¥924.6M and total debt of CN¥837.0M, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are CN¥3.3B and CN¥2.4B respectively. Jiangsu Hongtian TechnologyLtd's EBIT is CN¥184.6M making its interest coverage ratio -6. It has cash and short-term investments of CN¥511.1M.
Key information
90.5%
Debt to equity ratio
CN¥836.96m
Debt
| Interest coverage ratio | -6x |
| Cash | CN¥511.15m |
| Equity | CN¥924.58m |
| Total liabilities | CN¥2.37b |
| Total assets | CN¥3.30b |
Recent financial health updates
Jiangsu Hongtian TechnologyLtd (SHSE:603800) Has A Somewhat Strained Balance Sheet
Nov 25
We Think Jiangsu Hongtian TechnologyLtd (SHSE:603800) Is Taking Some Risk With Its Debt
Jun 21Recent updates
Jiangsu Hongtian TechnologyLtd (SHSE:603800) Has A Somewhat Strained Balance Sheet
Nov 25Jiangsu Hongtian TechnologyLtd (SHSE:603800) Strong Profits May Be Masking Some Underlying Issues
Nov 06Many Still Looking Away From Jiangsu Hongtian Technology Co.,Ltd. (SHSE:603800)
Oct 23Jiangsu Hongtian TechnologyLtd (SHSE:603800) Is Experiencing Growth In Returns On Capital
Jul 18We Think Jiangsu Hongtian TechnologyLtd (SHSE:603800) Is Taking Some Risk With Its Debt
Jun 21Estimating The Intrinsic Value Of Suzhou Douson Drilling & Production Equipment Co.,Ltd. (SHSE:603800)
May 28Should You Be Adding Suzhou Douson Drilling & Production EquipmentLtd (SHSE:603800) To Your Watchlist Today?
Apr 28Financial Position Analysis
Short Term Liabilities: 603800's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603800's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥488.7M).
Debt to Equity History and Analysis
Debt Level: 603800's net debt to equity ratio (35.2%) is considered satisfactory.
Reducing Debt: 603800's debt to equity ratio has increased from 28.4% to 90.5% over the past 5 years.
Debt Coverage: 603800's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: 603800 earns more interest than it pays, so coverage of interest payments is not a concern.