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¥1.8B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.9B and CN¥121.8M respectively. Jiangsu Hengxing New Material TechnologyLtd's EBIT is CN¥94.0M making its interest coverage ratio -37.2. It has cash and short-term investments of CN¥867.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -37.2x |
Cash | CN¥867.32m |
Equity | CN¥1.76b |
Total liabilities | CN¥121.82m |
Total assets | CN¥1.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603276's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥93.7M).
Long Term Liabilities: 603276's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥28.1M).
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 3.4%.
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.