Henan Hengxing Science & TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Henan Hengxing Science & TechnologyLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 82.6%. Its total assets and total liabilities are CN¥8.5B and CN¥4.8B respectively. Henan Hengxing Science & TechnologyLtd's EBIT is CN¥131.5M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥944.0M.
Key information
82.6%
Debt to equity ratio
CN¥3.04b
Debt
Interest coverage ratio | 2.4x |
Cash | CN¥943.97m |
Equity | CN¥3.69b |
Total liabilities | CN¥4.83b |
Total assets | CN¥8.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002132's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥4.0B).
Long Term Liabilities: 002132's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥808.0M).
Debt to Equity History and Analysis
Debt Level: 002132's net debt to equity ratio (57%) is considered high.
Reducing Debt: 002132's debt to equity ratio has increased from 65.3% to 82.6% over the past 5 years.
Debt Coverage: 002132's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 002132's interest payments on its debt are not well covered by EBIT (2.4x coverage).