Jiangsu Hengxing New Material TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Hengxing New Material TechnologyLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥70.9M respectively. Jiangsu Hengxing New Material TechnologyLtd's EBIT is CN¥44.5M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥721.2M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -0.1x |
| Cash | CN¥721.18m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥70.93m |
| Total assets | CN¥1.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603276's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥43.5M).
Long Term Liabilities: 603276's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥27.4M).
Debt to Equity History and Analysis
Debt Level: 603276 is debt free.
Reducing Debt: 603276 has no debt compared to 5 years ago when its debt to equity ratio was 5.7%.
Debt Coverage: 603276 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603276 has no debt, therefore coverage of interest payments is not a concern.