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¥4.0B and total debt of CN¥167.8M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥5.7B and CN¥1.7B respectively. Hangzhou Huawang New Material TechnologyLtd's EBIT is CN¥606.7M making its interest coverage ratio -10.3. It has cash and short-term investments of CN¥1.8B.
Key information
4.2%
Debt to equity ratio
CN¥167.81m
Debt
| Interest coverage ratio | -10.3x |
| Cash | CN¥1.78b |
| Equity | CN¥3.99b |
| Total liabilities | CN¥1.70b |
| Total assets | CN¥5.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605377's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 605377's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥80.2M).
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 25% to 4.2% over the past 5 years.
Debt Coverage: 605377's debt is well covered by operating cash flow (315%).
Interest Coverage: 605377 earns more interest than it pays, so coverage of interest payments is not a concern.