Zhangjiagang Haiguo New Energy Equipment Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Zhangjiagang Haiguo New Energy Equipment Manufacturing has a total shareholder equity of CN¥1.5B and total debt of CN¥266.1M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CN¥2.4B and CN¥822.2M respectively. Zhangjiagang Haiguo New Energy Equipment Manufacturing's EBIT is CN¥19.6M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥480.2M.
Key information
17.4%
Debt to equity ratio
CN¥266.15m
Debt
| Interest coverage ratio | 9.6x |
| Cash | CN¥480.20m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥822.22m |
| Total assets | CN¥2.35b |
Recent financial health updates
No updates
Recent updates
Zhangjiagang Haiguo New Energy Equipment Manufacturing's (SZSE:301063) Problems Go Beyond Weak Profit
Nov 04
Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd.'s (SZSE:301063) Popularity With Investors Is Under Threat From Overpricing
Sep 27Zhangjiagang Haiguo New Energy Equipment Manufacturing (SZSE:301063) Could Be Struggling To Allocate Capital
Jun 05Zhangjiagang Haiguo New Energy Equipment Manufacturing's (SZSE:301063) Conservative Accounting Might Explain Soft Earnings
May 03Zhangjiagang Haiguo New Energy Equipment Manufacturing (SZSE:301063) Could Be Struggling To Allocate Capital
Mar 05Financial Position Analysis
Short Term Liabilities: 301063's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥810.9M).
Long Term Liabilities: 301063's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥11.3M).
Debt to Equity History and Analysis
Debt Level: 301063 has more cash than its total debt.
Reducing Debt: 301063's debt to equity ratio has reduced from 32% to 17.4% over the past 5 years.
Debt Coverage: 301063's debt is well covered by operating cash flow (21.5%).
Interest Coverage: 301063's interest payments on its debt are well covered by EBIT (9.6x coverage).