Hangzhou Gaoxin Materials Technology Balance Sheet Health
Financial Health criteria checks 1/6
Hangzhou Gaoxin Materials Technology has a total shareholder equity of CN¥88.2M and total debt of CN¥215.0M, which brings its debt-to-equity ratio to 243.8%. Its total assets and total liabilities are CN¥324.2M and CN¥236.0M respectively.
Key information
243.8%
Debt to equity ratio
CN¥215.00m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.48m |
| Equity | CN¥88.20m |
| Total liabilities | CN¥235.96m |
| Total assets | CN¥324.16m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300478's short term assets (CN¥168.1M) do not cover its short term liabilities (CN¥236.0M).
Long Term Liabilities: 300478 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 300478's net debt to equity ratio (239.8%) is considered high.
Reducing Debt: 300478's debt to equity ratio has increased from 75.3% to 243.8% over the past 5 years.
Debt Coverage: 300478's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300478's interest payments on its debt are well covered by EBIT.