Shaanxi Huaqin Technology IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Huaqin Technology IndustryLtd has a total shareholder equity of CN¥4.6B and total debt of CN¥555.0M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are CN¥5.7B and CN¥1.1B respectively. Shaanxi Huaqin Technology IndustryLtd's EBIT is CN¥231.2M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥2.9B.
Key information
12.1%
Debt to equity ratio
CN¥555.03m
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥2.93b |
| Equity | CN¥4.57b |
| Total liabilities | CN¥1.11b |
| Total assets | CN¥5.68b |
Recent financial health updates
Here's Why Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Can Manage Its Debt Responsibly
Aug 12
Is Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Using Too Much Debt?
Apr 21Recent updates
We Believe That Shaanxi Huaqin Technology IndustryLtd's (SHSE:688281) Weak Earnings Are A Good Indicator Of Underlying Profitability
Nov 01Earnings Tell The Story For Shaanxi Huaqin Technology Industry Co.,Ltd. (SHSE:688281) As Its Stock Soars 44%
Oct 08Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Shareholders Will Want The ROCE Trajectory To Continue
Sep 27Here's Why Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Can Manage Its Debt Responsibly
Aug 12The Return Trends At Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Look Promising
Jun 17Shaanxi Huaqin Technology IndustryLtd's (SHSE:688281) Earnings Might Be Weaker Than You Think
Apr 25Is Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Using Too Much Debt?
Apr 21The Return Trends At Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Look Promising
Feb 27Financial Position Analysis
Short Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥416.4M).
Long Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥693.5M).
Debt to Equity History and Analysis
Debt Level: 688281 has more cash than its total debt.
Reducing Debt: 688281's debt to equity ratio has reduced from 12.7% to 12.1% over the past 5 years.
Debt Coverage: 688281's debt is well covered by operating cash flow (54.8%).
Interest Coverage: 688281 earns more interest than it pays, so coverage of interest payments is not a concern.