Hangzhou Shunwang Technology CoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Shunwang Technology CoLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥6.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥2.7B and CN¥491.0M respectively. Hangzhou Shunwang Technology CoLtd's EBIT is CN¥208.8M making its interest coverage ratio -81.5. It has cash and short-term investments of CN¥1.5B.
Key information
0.3%
Debt to equity ratio
CN¥6.74m
Debt
Interest coverage ratio | -81.5x |
Cash | CN¥1.52b |
Equity | CN¥2.18b |
Total liabilities | CN¥491.00m |
Total assets | CN¥2.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300113's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥407.1M).
Long Term Liabilities: 300113's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥83.9M).
Debt to Equity History and Analysis
Debt Level: 300113 has more cash than its total debt.
Reducing Debt: 300113's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 300113's debt is well covered by operating cash flow (5220.2%).
Interest Coverage: 300113 earns more interest than it pays, so coverage of interest payments is not a concern.