Hygon Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hygon Information Technology has a total shareholder equity of CN¥21.2B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥24.3B and CN¥3.1B respectively. Hygon Information Technology's EBIT is CN¥1.6B making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥7.4B.
Key information
6.6%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥7.44b |
| Equity | CN¥21.20b |
| Total liabilities | CN¥3.13b |
| Total assets | CN¥24.33b |
Recent financial health updates
Recent updates
Hygon Information Technology (SHSE:688041) Seems To Use Debt Quite Sensibly
Jun 21
Returns 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¥14.8B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 688041's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥1.3B).
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 20.6% to 6.6% over the past 5 years.
Debt Coverage: 688041's debt is well covered by operating cash flow (23%).
Interest Coverage: 688041 earns more interest than it pays, so coverage of interest payments is not a concern.