Jiangsu HHCK Advanced MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu HHCK Advanced MaterialsLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥45.0M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥1.2B and CN¥170.6M respectively. Jiangsu HHCK Advanced MaterialsLtd's EBIT is CN¥20.5M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥30.2M.
Key information
4.3%
Debt to equity ratio
CN¥45.04m
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥30.22m |
| Equity | CN¥1.04b |
| Total liabilities | CN¥170.60m |
| Total assets | CN¥1.21b |
Recent financial health updates
Recent updates
Jiangsu HHCK Advanced MaterialsLtd (SHSE:688535) Will Want To Turn Around Its Return Trends
Jun 13
Jiangsu HHCK Advanced MaterialsLtd's (SHSE:688535) Profits May Not Reveal Underlying Issues
May 03Jiangsu HHCK Advanced MaterialsLtd (SHSE:688535) Takes On Some Risk With Its Use Of Debt
Apr 24Getting In Cheap On Jiangsu HHCK Advanced Materials Co.,Ltd (SHSE:688535) Is Unlikely
Feb 26Financial Position Analysis
Short Term Liabilities: 688535's short term assets (CN¥295.2M) exceed its short term liabilities (CN¥139.7M).
Long Term Liabilities: 688535's short term assets (CN¥295.2M) exceed its long term liabilities (CN¥30.9M).
Debt to Equity History and Analysis
Debt Level: 688535's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 688535's debt to equity ratio has reduced from 129.3% to 4.3% over the past 5 years.
Debt Coverage: 688535's debt is well covered by operating cash flow (73.7%).
Interest Coverage: 688535 earns more interest than it pays, so coverage of interest payments is not a concern.