Hwatsing Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hwatsing Technology has a total shareholder equity of CN¥6.2B and total debt of CN¥508.7M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are CN¥10.9B and CN¥4.8B respectively. Hwatsing Technology's EBIT is CN¥864.5M making its interest coverage ratio -11.2. It has cash and short-term investments of CN¥4.8B.
Key information
8.3%
Debt to equity ratio
CN¥508.70m
Debt
| Interest coverage ratio | -11.2x |
| Cash | CN¥4.78b |
| Equity | CN¥6.16b |
| Total liabilities | CN¥4.77b |
| Total assets | CN¥10.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688120's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 688120's short term assets (CN¥9.1B) 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 84.4% to 8.3% over the past 5 years.
Debt Coverage: 688120's debt is well covered by operating cash flow (227.6%).
Interest Coverage: 688120 earns more interest than it pays, so coverage of interest payments is not a concern.