Changchun High-Tech Industry (Group) Balance Sheet Health
Financial Health criteria checks 6/6
Changchun High-Tech Industry (Group) has a total shareholder equity of CN¥25.8B and total debt of CN¥941.5M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CN¥30.7B and CN¥4.8B respectively. Changchun High-Tech Industry (Group)'s EBIT is CN¥5.6B making its interest coverage ratio -50.6. It has cash and short-term investments of CN¥7.6B.
Key information
3.6%
Debt to equity ratio
CN¥941.51m
Debt
Interest coverage ratio | -50.6x |
Cash | CN¥7.59b |
Equity | CN¥25.83b |
Total liabilities | CN¥4.82b |
Total assets | CN¥30.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000661's short term assets (CN¥17.7B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 000661's short term assets (CN¥17.7B) exceed its long term liabilities (CN¥963.9M).
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 reduced from 4.2% to 3.6% over the past 5 years.
Debt Coverage: 000661's debt is well covered by operating cash flow (563.2%).
Interest Coverage: 000661 earns more interest than it pays, so coverage of interest payments is not a concern.