Hangzhou Huaguang Advanced Welding MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Huaguang Advanced Welding MaterialsLtd has a total shareholder equity of CN¥985.7M and total debt of CN¥843.9M, which brings its debt-to-equity ratio to 85.6%. Its total assets and total liabilities are CN¥2.3B and CN¥1.3B respectively. Hangzhou Huaguang Advanced Welding MaterialsLtd's EBIT is CN¥122.0M making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥113.7M.
Key information
85.6%
Debt to equity ratio
CN¥843.86m
Debt
| Interest coverage ratio | 3.6x |
| Cash | CN¥113.75m |
| Equity | CN¥985.70m |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Recent updates
Hangzhou Huaguang Advanced Welding MaterialsLtd's (SHSE:688379) Earnings Are Weaker Than They Seem
Nov 05
A Piece Of The Puzzle Missing From Hangzhou Huaguang Advanced Welding Materials Co.,Ltd.'s (SHSE:688379) 37% Share Price Climb
Oct 23There Are Reasons To Feel Uneasy About Hangzhou Huaguang Advanced Welding MaterialsLtd's (SHSE:688379) Returns On Capital
Aug 29Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (SHSE:688379) Screens Well But There Might Be A Catch
Jun 05Hangzhou Huaguang Advanced Welding MaterialsLtd (SHSE:688379) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 05Investors Aren't Entirely Convinced By Hangzhou Huaguang Advanced Welding Materials Co.,Ltd.'s (SHSE:688379) Revenues
Feb 27Financial Position Analysis
Short Term Liabilities: 688379's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688379's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥159.5M).
Debt to Equity History and Analysis
Debt Level: 688379's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: 688379's debt to equity ratio has increased from 38.2% to 85.6% 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 well covered by EBIT (3.6x coverage).