Ningbo Henghe Precision IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo Henghe Precision IndustryLtd has a total shareholder equity of CN¥549.5M and total debt of CN¥313.7M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CN¥1.1B and CN¥535.2M respectively. Ningbo Henghe Precision IndustryLtd's EBIT is CN¥38.7M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥63.5M.
Key information
57.1%
Debt to equity ratio
CN¥313.66m
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥63.49m |
Equity | CN¥549.53m |
Total liabilities | CN¥535.24m |
Total assets | CN¥1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300539's short term assets (CN¥587.3M) exceed its short term liabilities (CN¥478.4M).
Long Term Liabilities: 300539's short term assets (CN¥587.3M) exceed its long term liabilities (CN¥56.8M).
Debt to Equity History and Analysis
Debt Level: 300539's net debt to equity ratio (45.5%) is considered high.
Reducing Debt: 300539's debt to equity ratio has increased from 56.3% to 57.1% over the past 5 years.
Debt Coverage: 300539's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 300539's interest payments on its debt are well covered by EBIT (3.2x coverage).