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¥149.3M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥3.2B and CN¥1.7B respectively. Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou's EBIT is CN¥98.3M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥1.2B.
Key information
9.6%
Debt to equity ratio
CN¥149.31m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥1.19b |
Equity | CN¥1.56b |
Total liabilities | CN¥1.66b |
Total assets | CN¥3.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000523's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥425.4M).
Long Term Liabilities: 000523's short term assets (CN¥1.7B) 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 75.7% to 9.6% over the past 5 years.
Debt Coverage: 000523's debt is well covered by operating cash flow (246.4%).
Interest Coverage: 000523 earns more interest than it pays, so coverage of interest payments is not a concern.