Shenzhen HeungKong HoldingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen HeungKong HoldingLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are CN¥19.8B and CN¥13.5B respectively. Shenzhen HeungKong HoldingLtd's EBIT is CN¥163.8M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥1.2B.
Key information
48.8%
Debt to equity ratio
CN¥3.08b
Debt
Interest coverage ratio | 0.6x |
Cash | CN¥1.18b |
Equity | CN¥6.31b |
Total liabilities | CN¥13.45b |
Total assets | CN¥19.76b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600162's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥11.4B).
Long Term Liabilities: 600162's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600162's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: 600162's debt to equity ratio has reduced from 128.8% to 48.8% over the past 5 years.
Debt Coverage: 600162's debt is well covered by operating cash flow (24.2%).
Interest Coverage: 600162's interest payments on its debt are not well covered by EBIT (0.6x coverage).