Hangzhou Juheshun New MaterialLTD Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Juheshun New MaterialLTD has a total shareholder equity of CN¥2.0B and total debt of CN¥458.2M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are CN¥5.2B and CN¥3.1B respectively. Hangzhou Juheshun New MaterialLTD's EBIT is CN¥233.2M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥1.9B.
Key information
22.8%
Debt to equity ratio
CN¥458.23m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥1.92b |
| Equity | CN¥2.01b |
| Total liabilities | CN¥3.14b |
| Total assets | CN¥5.15b |
Financial Position Analysis
Short Term Liabilities: 605166's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 605166's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥492.4M).
Debt to Equity History and Analysis
Debt Level: 605166 has more cash than its total debt.
Reducing Debt: 605166's debt to equity ratio has increased from 16.4% to 22.8% over the past 5 years.
Debt Coverage: 605166's debt is well covered by operating cash flow (94.9%).
Interest Coverage: 605166 earns more interest than it pays, so coverage of interest payments is not a concern.