Shandong Hi-tech Spring Material Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Hi-tech Spring Material Technology has a total shareholder equity of CN¥3.2B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 69.5%. Its total assets and total liabilities are CN¥7.3B and CN¥4.1B respectively.
Key information
69.5%
Debt to equity ratio
CN¥2.23b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.29b |
| Equity | CN¥3.20b |
| Total liabilities | CN¥4.15b |
| Total assets | CN¥7.35b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301292's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 301292's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 301292's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: 301292's debt to equity ratio has increased from 10.9% to 69.5% over the past 5 years.
Debt Coverage: 301292's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 301292's interest payments on its debt are well covered by EBIT.