Shandong Hi-tech Spring Material Technology Co., Ltd.

XSEC:301292 Stock Report

Market Cap: CN¥3.5b

Shandong Hi-tech Spring Material Technology Balance Sheet Health

Financial Health criteria checks 1/6

Shandong Hi-tech Spring Material Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are CN¥7.8B and CN¥4.8B respectively.

Key information

103.5%

Debt to equity ratio

CN¥3.13b

Debt

Interest coverage ration/a
CashCN¥1.74b
EquityCN¥3.02b
Total liabilitiesCN¥4.83b
Total assetsCN¥7.85b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 301292's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥3.7B).

Long Term Liabilities: 301292's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 301292's net debt to equity ratio (45.9%) is considered high.

Reducing Debt: 301292's debt to equity ratio has increased from 5.8% to 103.5% over the past 5 years.

Debt Coverage: 301292's debt is not well covered by operating cash flow (0.7%).

Interest Coverage: Insufficient data to determine if 301292's interest payments on its debt are well covered by EBIT.


Balance Sheet


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