Hwatsing Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hwatsing Technology has a total shareholder equity of CN¥5.7B and total debt of CN¥608.4M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CN¥9.7B and CN¥4.0B respectively. Hwatsing Technology's EBIT is CN¥664.4M making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥4.6B.
Key information
10.6%
Debt to equity ratio
CN¥608.44m
Debt
| Interest coverage ratio | -7.1x |
| Cash | CN¥4.59b |
| Equity | CN¥5.74b |
| Total liabilities | CN¥3.97b |
| Total assets | CN¥9.72b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688120's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 688120's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 688120 has more cash than its total debt.
Reducing Debt: 688120's debt to equity ratio has reduced from 664.8% to 10.6% over the past 5 years.
Debt Coverage: 688120's debt is well covered by operating cash flow (123.2%).
Interest Coverage: 688120 earns more interest than it pays, so coverage of interest payments is not a concern.