Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou Balance Sheet Health
Financial Health criteria checks 5/6
Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou has a total shareholder equity of CN¥1.6B and total debt of CN¥283.0M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are CN¥3.5B and CN¥1.8B respectively. Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou's EBIT is CN¥110.2M making its interest coverage ratio -15.1. It has cash and short-term investments of CN¥1.1B.
Key information
17.2%
Debt to equity ratio
CN¥283.01m
Debt
| Interest coverage ratio | -15.1x |
| Cash | CN¥1.07b |
| Equity | CN¥1.65b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥3.46b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou (SZSE:000523)
Nov 05
Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou (SZSE:000523) Might Be Having Difficulty Using Its Capital Effectively
Jun 24Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou's (SZSE:000523) Earnings Seem To Be Promising
Apr 08Financial Position Analysis
Short Term Liabilities: 000523's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥596.2M).
Long Term Liabilities: 000523's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 000523 has more cash than its total debt.
Reducing Debt: 000523's debt to equity ratio has reduced from 109.5% to 17.2% over the past 5 years.
Debt Coverage: 000523's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000523 earns more interest than it pays, so coverage of interest payments is not a concern.