Assure Tech (Hangzhou) Balance Sheet Health
Financial Health criteria checks 5/6
Assure Tech (Hangzhou) has a total shareholder equity of CN¥5.1B and total debt of CN¥7.4M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥5.8B and CN¥683.8M respectively. Assure Tech (Hangzhou)'s EBIT is CN¥27.8M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥2.1B.
Key information
0.1%
Debt to equity ratio
CN¥7.41m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥2.09b |
Equity | CN¥5.11b |
Total liabilities | CN¥683.83m |
Total assets | CN¥5.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688075's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥547.5M).
Long Term Liabilities: 688075's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥136.3M).
Debt to Equity History and Analysis
Debt Level: 688075 has more cash than its total debt.
Reducing Debt: 688075's debt to equity ratio has reduced from 4% to 0.1% over the past 5 years.
Debt Coverage: 688075's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688075 earns more interest than it pays, so coverage of interest payments is not a concern.