Hangzhou Hopechart IoT TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Hopechart IoT TechnologyLtd has a total shareholder equity of CN¥719.3M and total debt of CN¥140.2M, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are CN¥1.0B and CN¥325.8M respectively.
Key information
19.5%
Debt to equity ratio
CN¥140.21m
Debt
Interest coverage ratio | n/a |
Cash | CN¥149.61m |
Equity | CN¥719.27m |
Total liabilities | CN¥325.80m |
Total assets | CN¥1.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688288's short term assets (CN¥663.8M) exceed its short term liabilities (CN¥314.9M).
Long Term Liabilities: 688288's short term assets (CN¥663.8M) exceed its long term liabilities (CN¥10.9M).
Debt to Equity History and Analysis
Debt Level: 688288 has more cash than its total debt.
Reducing Debt: 688288's debt to equity ratio has increased from 1.3% to 19.5% over the past 5 years.
Debt Coverage: 688288's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688288's interest payments on its debt are well covered by EBIT.