Shanghai HIUV New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai HIUV New MaterialsLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are CN¥5.2B and CN¥3.0B respectively. Shanghai HIUV New MaterialsLtd's EBIT is CN¥275.3M making its interest coverage ratio -51.8. It has cash and short-term investments of CN¥475.0M.
Key information
100.4%
Debt to equity ratio
CN¥2.17b
Debt
Interest coverage ratio | -51.8x |
Cash | CN¥474.97m |
Equity | CN¥2.16b |
Total liabilities | CN¥3.02b |
Total assets | CN¥5.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688680's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 688680's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥958.7M).
Debt to Equity History and Analysis
Debt Level: 688680's net debt to equity ratio (78.4%) is considered high.
Reducing Debt: 688680's debt to equity ratio has increased from 16.9% to 100.4% over the past 5 years.
Debt Coverage: 688680's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688680 earns more interest than it pays, so coverage of interest payments is not a concern.