Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou Balance Sheet Health
Financial Health criteria checks 6/6
Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou has a total shareholder equity of CN¥1.6B and total debt of CN¥245.6M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥3.4B and CN¥1.8B respectively. Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou's EBIT is CN¥95.4M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥1.3B.
Key information
15.4%
Debt to equity ratio
CN¥245.62m
Debt
| Interest coverage ratio | -4.9x |
| Cash | CN¥1.26b |
| Equity | CN¥1.59b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥3.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000523's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥500.8M).
Long Term Liabilities: 000523's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥1.3B).
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 87.4% to 15.4% over the past 5 years.
Debt Coverage: 000523's debt is well covered by operating cash flow (149.8%).
Interest Coverage: 000523 earns more interest than it pays, so coverage of interest payments is not a concern.