Hygon Information Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hygon Information Technology has a total shareholder equity of CN¥22.0B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 14.6%. Its total assets and total liabilities are CN¥27.1B and CN¥5.0B respectively. Hygon Information Technology's EBIT is CN¥2.3B making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥9.0B.
Key information
14.6%
Debt to equity ratio
CN¥3.22b
Debt
| Interest coverage ratio | -10.4x |
| Cash | CN¥9.04b |
| Equity | CN¥22.02b |
| Total liabilities | CN¥5.04b |
| Total assets | CN¥27.06b |
Recent financial health updates
Here's Why Hygon Information Technology (SHSE:688041) Can Manage Its Debt Responsibly
Oct 08
Hygon Information Technology (SHSE:688041) Seems To Use Debt Quite Sensibly
Jun 21Recent updates
Hygon Information Technology Co., Ltd.'s (SHSE:688041) Shares Climb 25% But Its Business Is Yet to Catch Up
Nov 06Here's Why Hygon Information Technology (SHSE:688041) Can Manage Its Debt Responsibly
Oct 08Investors Will Want Hygon Information Technology's (SHSE:688041) Growth In ROCE To Persist
Sep 11Hygon Information Technology (SHSE:688041) Seems To Use Debt Quite Sensibly
Jun 21Returns Are Gaining Momentum At Hygon Information Technology (SHSE:688041)
May 26Impressive Earnings May Not Tell The Whole Story For Hygon Information Technology (SHSE:688041)
Apr 18Investors Appear Satisfied With Hygon Information Technology Co., Ltd.'s (SHSE:688041) Prospects As Shares Rocket 30%
Feb 29Financial Position Analysis
Short Term Liabilities: 688041's short term assets (CN¥16.6B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 688041's short term assets (CN¥16.6B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 688041 has more cash than its total debt.
Reducing Debt: 688041's debt to equity ratio has reduced from 20.8% to 14.6% over the past 5 years.
Debt Coverage: 688041's debt is not well covered by operating cash flow (9%).
Interest Coverage: 688041 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:03 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hygon Information Technology Co., Ltd. is covered by 19 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chen He | Chasing Securities |
| Yan Jing Wu | China Galaxy Securities Co., Ltd. |
| Fan Yan | China Merchants Securities Co. Ltd. |