Shaanxi Huaqin Technology IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Huaqin Technology IndustryLtd has a total shareholder equity of CN¥4.5B and total debt of CN¥427.1M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥5.5B and CN¥1.0B respectively. Shaanxi Huaqin Technology IndustryLtd's EBIT is CN¥227.4M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥2.8B.
Key information
9.6%
Debt to equity ratio
CN¥427.06m
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥2.82b |
| Equity | CN¥4.47b |
| Total liabilities | CN¥1.01b |
| Total assets | CN¥5.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥443.5M).
Long Term Liabilities: 688281's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥565.7M).
Debt to Equity History and Analysis
Debt Level: 688281 has more cash than its total debt.
Reducing Debt: 688281's debt to equity ratio has reduced from 9.8% to 9.6% over the past 5 years.
Debt Coverage: 688281's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 688281 earns more interest than it pays, so coverage of interest payments is not a concern.