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¥866.6M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are CN¥5.5B and CN¥2.9B respectively. Hongli Zhihui GroupLtd's EBIT is CN¥135.6M making its interest coverage ratio -22.2. It has cash and short-term investments of CN¥699.3M.
Key information
33.5%
Debt to equity ratio
CN¥866.60m
Debt
| Interest coverage ratio | -22.2x |
| Cash | CN¥699.33m |
| Equity | CN¥2.59b |
| Total liabilities | CN¥2.89b |
| Total assets | CN¥5.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300219's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 300219's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥545.4M).
Debt to Equity History and Analysis
Debt Level: 300219's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 300219's debt to equity ratio has increased from 22% to 33.5% over the past 5 years.
Debt Coverage: 300219's debt is well covered by operating cash flow (83.2%).
Interest Coverage: 300219 earns more interest than it pays, so coverage of interest payments is not a concern.