Hygon Information Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hygon Information Technology has a total shareholder equity of CN¥20.8B 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¥23.3B and CN¥2.5B respectively. Hygon Information Technology's EBIT is CN¥1.3B making its interest coverage ratio -4.3. It has cash and short-term investments of CN¥10.1B.
Key information
6.6%
Debt to equity ratio
CN¥1.37b
Debt
Interest coverage ratio | -4.3x |
Cash | CN¥10.15b |
Equity | CN¥20.78b |
Total liabilities | CN¥2.55b |
Total assets | CN¥23.33b |
Financial Position Analysis
Short Term Liabilities: 688041's short term assets (CN¥16.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688041's short term assets (CN¥16.0B) 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 20.4% to 6.6% over the past 5 years.
Debt Coverage: 688041's debt is well covered by operating cash flow (82.3%).
Interest Coverage: 688041 earns more interest than it pays, so coverage of interest payments is not a concern.