Changchun High-Tech Industry (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Changchun High-Tech Industry (Group) has a total shareholder equity of CN¥24.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥30.0B and CN¥5.1B respectively. Changchun High-Tech Industry (Group)'s EBIT is CN¥5.3B making its interest coverage ratio -45.4. It has cash and short-term investments of CN¥6.6B.
Key information
5.9%
Debt to equity ratio
CN¥1.48b
Debt
| Interest coverage ratio | -45.4x |
| Cash | CN¥6.57b |
| Equity | CN¥24.92b |
| Total liabilities | CN¥5.06b |
| Total assets | CN¥29.98b |
Recent financial health updates
Recent updates
Changchun High-Tech Industry (Group) Co., Ltd. Just Missed Revenue By 11%: Here's What Analysts Think Will Happen Next
Aug 18
Improved Earnings Required Before Changchun High-Tech Industry (Group) Co., Ltd. (SZSE:000661) Shares Find Their Feet
Aug 15Changchun High-Tech Industry (Group) (SZSE:000661) Seems To Use Debt Rather Sparingly
Jun 12Changchun High-Tech Industry (Group) Co., Ltd. (SZSE:000661) Just Released Its First-Quarter Earnings: Here's What Analysts Think
Apr 23Benign Growth For Changchun High-Tech Industries (Group) Inc. (SZSE:000661) Underpins Its Share Price
Apr 12Earnings Miss: Changchun High-Tech Industries (Group) Inc. Missed EPS By 6.6% And Analysts Are Revising Their Forecasts
Mar 22Financial Position Analysis
Short Term Liabilities: 000661's short term assets (CN¥16.6B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 000661's short term assets (CN¥16.6B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 000661 has more cash than its total debt.
Reducing Debt: 000661's debt to equity ratio has increased from 3.9% to 5.9% over the past 5 years.
Debt Coverage: 000661's debt is well covered by operating cash flow (341.2%).
Interest Coverage: 000661 earns more interest than it pays, so coverage of interest payments is not a concern.