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¥42.5M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥1.3B and CN¥181.7M respectively. Jiangsu Hongde Special PartsLtd's EBIT is CN¥32.0M making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥288.9M.
Key information
3.8%
Debt to equity ratio
CN¥42.50m
Debt
Interest coverage ratio | -8.5x |
Cash | CN¥288.91m |
Equity | CN¥1.12b |
Total liabilities | CN¥181.74m |
Total assets | CN¥1.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301163's short term assets (CN¥690.5M) exceed its short term liabilities (CN¥161.2M).
Long Term Liabilities: 301163's short term assets (CN¥690.5M) exceed its long term liabilities (CN¥20.5M).
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 9.2% to 3.8% over the past 5 years.
Debt Coverage: 301163's debt is well covered by operating cash flow (341.8%).
Interest Coverage: 301163 earns more interest than it pays, so coverage of interest payments is not a concern.