Hongda Xingye Balance Sheet Health
Financial Health criteria checks 2/6
Hongda Xingye has a total shareholder equity of CN¥9.5B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 61.5%. Its total assets and total liabilities are CN¥18.5B and CN¥9.0B respectively.
Key information
61.5%
Debt to equity ratio
CN¥5.85b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥35.41m |
| Equity | CN¥9.50b |
| Total liabilities | CN¥8.98b |
| Total assets | CN¥18.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002002's short term assets (CN¥5.9B) do not cover its short term liabilities (CN¥8.6B).
Long Term Liabilities: 002002's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥397.6M).
Debt to Equity History and Analysis
Debt Level: 002002's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: 002002's debt to equity ratio has reduced from 73.8% to 61.5% over the past 5 years.
Debt Coverage: 002002's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002002's interest payments on its debt are well covered by EBIT.