Jiangsu Hongde Special PartsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Hongde Special PartsLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥59.5M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥1.3B and CN¥237.5M respectively. Jiangsu Hongde Special PartsLtd's EBIT is CN¥25.5M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥298.3M.
Key information
5.4%
Debt to equity ratio
CN¥59.50m
Debt
| Interest coverage ratio | -8.8x |
| Cash | CN¥298.30m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥237.51m |
| Total assets | CN¥1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301163's short term assets (CN¥704.2M) exceed its short term liabilities (CN¥218.4M).
Long Term Liabilities: 301163's short term assets (CN¥704.2M) exceed its long term liabilities (CN¥19.1M).
Debt to Equity History and Analysis
Debt Level: 301163 has more cash than its total debt.
Reducing Debt: 301163's debt to equity ratio has reduced from 8.6% to 5.4% over the past 5 years.
Debt Coverage: 301163's debt is well covered by operating cash flow (201.1%).
Interest Coverage: 301163 earns more interest than it pays, so coverage of interest payments is not a concern.