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
Investors Holding Back On Hongmian Zhihui Science and Technology Innovation Co.,Ltd.Guangzhou (SZSE:000523)
Dec 20
There Are Reasons To Feel Uneasy About Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou's (SZSE:000523) Returns On Capital
Nov 29Solid Earnings May Not Tell The Whole Story For Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou (SZSE:000523)
Nov 05Hongmian 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/04 05:57 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Hongmian Zhihui Science and Technology Innovation Co.,Ltd.Guangzhou is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xian Chao Zhang | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Wenchao Jiao | Ping An Securities Co. Ltd. |