Hangzhou Huawang New Material Technology Co.,Ltd.

XSSC:605377 Stock Report

Market Cap: CN¥5.7b

Hangzhou Huawang New Material TechnologyLtd Balance Sheet Health

Financial Health criteria checks 6/6

Hangzhou Huawang New Material TechnologyLtd has a total shareholder equity of CN¥3.9B and total debt of CN¥491.4M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥6.1B and CN¥2.2B respectively. Hangzhou Huawang New Material TechnologyLtd's EBIT is CN¥555.7M making its interest coverage ratio -9. It has cash and short-term investments of CN¥2.2B.

Key information

12.6%

Debt to equity ratio

CN¥491.40m

Debt

Interest coverage ratio-9x
CashCN¥2.16b
EquityCN¥3.90b
Total liabilitiesCN¥2.21b
Total assetsCN¥6.11b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 605377's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 605377's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥77.5M).


Debt to Equity History and Analysis

Debt Level: 605377 has more cash than its total debt.

Reducing Debt: 605377's debt to equity ratio has reduced from 20.8% to 12.6% over the past 5 years.

Debt Coverage: 605377's debt is well covered by operating cash flow (172.5%).

Interest Coverage: 605377 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies