Hangzhou Huaguang Advanced Welding MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hangzhou Huaguang Advanced Welding MaterialsLtd has a total shareholder equity of CN¥928.4M and total debt of CN¥685.9M, which brings its debt-to-equity ratio to 73.9%. Its total assets and total liabilities are CN¥2.0B and CN¥1.1B respectively. Hangzhou Huaguang Advanced Welding MaterialsLtd's EBIT is CN¥68.8M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥111.0M.
Key information
73.9%
Debt to equity ratio
CN¥685.95m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥110.96m |
| Equity | CN¥928.38m |
| Total liabilities | CN¥1.05b |
| Total assets | CN¥1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688379's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥784.1M).
Long Term Liabilities: 688379's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥269.2M).
Debt to Equity History and Analysis
Debt Level: 688379's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: 688379's debt to equity ratio has increased from 39% to 73.9% over the past 5 years.
Debt Coverage: 688379's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688379's interest payments on its debt are not well covered by EBIT (2.4x coverage).