Jiangsu Hongtian TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Hongtian TechnologyLtd has a total shareholder equity of CN¥944.2M and total debt of CN¥975.6M, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are CN¥3.7B and CN¥2.8B respectively. Jiangsu Hongtian TechnologyLtd's EBIT is CN¥243.6M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥555.2M.
Key information
103.3%
Debt to equity ratio
CN¥975.60m
Debt
| Interest coverage ratio | -7.8x |
| Cash | CN¥555.22m |
| Equity | CN¥944.17m |
| Total liabilities | CN¥2.80b |
| Total assets | CN¥3.75b |
Recent financial health updates
Recent updates
We Think Jiangsu Hongtian TechnologyLtd (SHSE:603800) Is Taking Some Risk With Its Debt
Jun 21
Estimating 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¥2.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603800's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥587.6M).
Debt to Equity History and Analysis
Debt Level: 603800's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: 603800's debt to equity ratio has increased from 35.4% to 103.3% over the past 5 years.
Debt Coverage: 603800's debt is well covered by operating cash flow (24.3%).
Interest Coverage: 603800 earns more interest than it pays, so coverage of interest payments is not a concern.