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.