Shaanxi Huaqin Technology IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shaanxi Huaqin Technology IndustryLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥357.2M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CN¥5.3B and CN¥903.6M respectively. Shaanxi Huaqin Technology IndustryLtd's EBIT is CN¥208.7M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥2.7B.
Key information
8.1%
Debt to equity ratio
CN¥357.18m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥2.72b |
| Equity | CN¥4.42b |
| Total liabilities | CN¥903.65m |
| Total assets | CN¥5.32b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥421.8M).
Long Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥481.8M).
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 increased from 5.8% to 8.1% over the past 5 years.
Debt Coverage: 688281's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688281 earns more interest than it pays, so coverage of interest payments is not a concern.