Hongli Zhihui GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hongli Zhihui GroupLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥951.5M, which brings its debt-to-equity ratio to 36.6%. Its total assets and total liabilities are CN¥5.2B and CN¥2.6B respectively. Hongli Zhihui GroupLtd's EBIT is CN¥300.0M making its interest coverage ratio -40.6. It has cash and short-term investments of CN¥716.7M.
Key information
36.6%
Debt to equity ratio
CN¥951.49m
Debt
Interest coverage ratio | -40.6x |
Cash | CN¥716.66m |
Equity | CN¥2.60b |
Total liabilities | CN¥2.61b |
Total assets | CN¥5.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300219's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 300219's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥678.4M).
Debt to Equity History and Analysis
Debt Level: 300219's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: 300219's debt to equity ratio has increased from 12% to 36.6% over the past 5 years.
Debt Coverage: 300219's debt is well covered by operating cash flow (68.5%).
Interest Coverage: 300219 earns more interest than it pays, so coverage of interest payments is not a concern.