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¥70.1M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are CN¥1.2B and CN¥211.9M respectively. Jiangsu HHCK Advanced MaterialsLtd's EBIT is CN¥22.4M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥28.9M.
Key information
6.8%
Debt to equity ratio
CN¥70.09m
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥28.91m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥211.93m |
| Total assets | CN¥1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688535's short term assets (CN¥325.1M) exceed its short term liabilities (CN¥181.4M).
Long Term Liabilities: 688535's short term assets (CN¥325.1M) exceed its long term liabilities (CN¥30.5M).
Debt to Equity History and Analysis
Debt Level: 688535's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: 688535's debt to equity ratio has reduced from 129.3% to 6.8% over the past 5 years.
Debt Coverage: 688535's debt is well covered by operating cash flow (47%).
Interest Coverage: 688535 earns more interest than it pays, so coverage of interest payments is not a concern.