Shaanxi Huaqin Technology IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Huaqin Technology IndustryLtd has a total shareholder equity of CN¥4.5B and total debt of CN¥432.4M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are CN¥5.5B and CN¥1.0B respectively. Shaanxi Huaqin Technology IndustryLtd's EBIT is CN¥240.6M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥2.8B.
Key information
9.7%
Debt to equity ratio
CN¥432.39m
Debt
Interest coverage ratio | -3.8x |
Cash | CN¥2.82b |
Equity | CN¥4.47b |
Total liabilities | CN¥1.01b |
Total assets | CN¥5.48b |
Recent financial health updates
Here's Why Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Can Manage Its Debt Responsibly
Aug 12Is Shaanxi Huaqin Technology IndustryLtd (SHSE:688281) Using Too Much Debt?
Apr 21Recent updates
Here'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¥443.5M).
Long Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥565.7M).
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 9.8% to 9.7% over the past 5 years.
Debt Coverage: 688281's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 688281 earns more interest than it pays, so coverage of interest payments is not a concern.