ChengDu Hi-Tech Development Balance Sheet Health
Financial Health criteria checks 3/6
ChengDu Hi-Tech Development has a total shareholder equity of CN¥2.2B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 119%. Its total assets and total liabilities are CN¥12.4B and CN¥10.2B respectively. ChengDu Hi-Tech Development's EBIT is CN¥371.9M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥512.5M.
Key information
119.0%
Debt to equity ratio
CN¥2.62b
Debt
| Interest coverage ratio | -2.1x |
| Cash | CN¥512.48m |
| Equity | CN¥2.20b |
| Total liabilities | CN¥10.23b |
| Total assets | CN¥12.43b |
Recent financial health updates
ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet
Aug 21
ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly
May 22Recent updates
ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet
Aug 21ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) Popularity With Investors Is Under Threat From Overpricing
Jul 25Is Now The Time To Put ChengDu Hi-Tech Development (SZSE:000628) On Your Watchlist?
Jul 03ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly
May 22ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) 33% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Apr 14ChengDu Hi-Tech Development's (SZSE:000628) Earnings Are Of Questionable Quality
Apr 01Optimistic Investors Push ChengDu Hi-Tech Development Co., Ltd. (SZSE:000628) Shares Up 40% But Growth Is Lacking
Feb 26Financial Position Analysis
Short Term Liabilities: 000628's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥8.2B).
Long Term Liabilities: 000628's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 000628's net debt to equity ratio (95.7%) is considered high.
Reducing Debt: 000628's debt to equity ratio has increased from 48.1% to 119% over the past 5 years.
Debt Coverage: 000628's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000628 earns more interest than it pays, so coverage of interest payments is not a concern.