Henan Hengxing Science & TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Henan Hengxing Science & TechnologyLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 74.4%. Its total assets and total liabilities are CN¥8.1B and CN¥4.5B respectively. Henan Hengxing Science & TechnologyLtd's EBIT is CN¥122.9M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥743.8M.
Key information
74.4%
Debt to equity ratio
CN¥2.70b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥743.79m |
| Equity | CN¥3.63b |
| Total liabilities | CN¥4.51b |
| Total assets | CN¥8.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002132's short term assets (CN¥3.0B) do not cover its short term liabilities (CN¥3.8B).
Long Term Liabilities: 002132's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥690.2M).
Debt to Equity History and Analysis
Debt Level: 002132's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: 002132's debt to equity ratio has increased from 57.9% to 74.4% over the past 5 years.
Debt Coverage: 002132's debt is well covered by operating cash flow (25.3%).
Interest Coverage: 002132's interest payments on its debt are not well covered by EBIT (2.5x coverage).