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¥3.9B and total debt of CN¥491.4M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥6.1B and CN¥2.2B respectively. Hangzhou Huawang New Material TechnologyLtd's EBIT is CN¥555.7M making its interest coverage ratio -9. It has cash and short-term investments of CN¥2.2B.
Key information
12.6%
Debt to equity ratio
CN¥491.40m
Debt
| Interest coverage ratio | -9x |
| Cash | CN¥2.16b |
| Equity | CN¥3.90b |
| Total liabilities | CN¥2.21b |
| Total assets | CN¥6.11b |
Recent financial health updates
No updates
Recent updates
Hangzhou Huawang New Material TechnologyLtd (SHSE:605377) May Have Issues Allocating Its Capital
Jul 18
Does Hangzhou Huawang New Material TechnologyLtd (SHSE:605377) Deserve A Spot On Your Watchlist?
Jun 25Hangzhou Huawang New Material TechnologyLtd's (SHSE:605377) Solid Profits Have Weak Fundamentals
May 06Hangzhou Huawang New Material Technology Co.,Ltd.'s (SHSE:605377) Prospects Need A Boost To Lift Shares
Mar 04Financial Position Analysis
Short Term Liabilities: 605377's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 605377's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥77.5M).
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 20.8% to 12.6% over the past 5 years.
Debt Coverage: 605377's debt is well covered by operating cash flow (172.5%).
Interest Coverage: 605377 earns more interest than it pays, so coverage of interest payments is not a concern.