Hangzhou Huawang New Material TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Huawang New Material TechnologyLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥62.2M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥5.8B and CN¥1.6B respectively. Hangzhou Huawang New Material TechnologyLtd's EBIT is CN¥655.1M making its interest coverage ratio -11.5. It has cash and short-term investments of CN¥1.7B.
Key information
1.5%
Debt to equity ratio
CN¥62.19m
Debt
| Interest coverage ratio | -11.5x |
| Cash | CN¥1.72b |
| Equity | CN¥4.16b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥5.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605377's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 605377's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥83.0M).
Debt to Equity History and Analysis
Debt Level: 605377 has more cash than its total debt.
Reducing Debt: 605377's debt to equity ratio has reduced from 29.6% to 1.5% over the past 5 years.
Debt Coverage: 605377's debt is well covered by operating cash flow (713.7%).
Interest Coverage: 605377 earns more interest than it pays, so coverage of interest payments is not a concern.