Hengtong Optic-Electric Balance Sheet Health
Financial Health criteria checks 5/6
Hengtong Optic-Electric has a total shareholder equity of CN¥31.6B and total debt of CN¥16.5B, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are CN¥64.9B and CN¥33.3B respectively. Hengtong Optic-Electric's EBIT is CN¥3.4B making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥10.0B.
Key information
52.3%
Debt to equity ratio
CN¥16.53b
Debt
| Interest coverage ratio | 9.7x |
| Cash | CN¥9.96b |
| Equity | CN¥31.62b |
| Total liabilities | CN¥33.29b |
| Total assets | CN¥64.92b |
Recent financial health updates
Does Hengtong Optic-Electric (SHSE:600487) Have A Healthy Balance Sheet?
Oct 24
Is Hengtong Optic-Electric (SHSE:600487) Using Too Much Debt?
Jun 06Here's Why Hengtong Optic-Electric (SHSE:600487) Has A Meaningful Debt Burden
Feb 28Recent updates
Here's Why We Think Hengtong Optic-Electric (SHSE:600487) Might Deserve Your Attention Today
Nov 14Does Hengtong Optic-Electric (SHSE:600487) Have A Healthy Balance Sheet?
Oct 24Investors Could Be Concerned With Hengtong Optic-Electric's (SHSE:600487) Returns On Capital
Sep 23Hengtong Optic-Electric's (SHSE:600487) Promising Earnings May Rest On Soft Foundations
Sep 04Hengtong Optic-Electric Co., Ltd.'s (SHSE:600487) Earnings Are Not Doing Enough For Some Investors
Jul 29With EPS Growth And More, Hengtong Optic-Electric (SHSE:600487) Makes An Interesting Case
Jul 12Is Hengtong Optic-Electric (SHSE:600487) Using Too Much Debt?
Jun 06Hengtong Optic-Electric (SHSE:600487) Might Be Having Difficulty Using Its Capital Effectively
Apr 28Should You Be Adding Hengtong Optic-Electric (SHSE:600487) To Your Watchlist Today?
Mar 20Here's Why Hengtong Optic-Electric (SHSE:600487) Has A Meaningful Debt Burden
Feb 28Financial Position Analysis
Short Term Liabilities: 600487's short term assets (CN¥45.4B) exceed its short term liabilities (CN¥28.1B).
Long Term Liabilities: 600487's short term assets (CN¥45.4B) exceed its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 600487's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: 600487's debt to equity ratio has reduced from 98.9% to 52.3% over the past 5 years.
Debt Coverage: 600487's debt is not well covered by operating cash flow (11%).
Interest Coverage: 600487's interest payments on its debt are well covered by EBIT (9.7x coverage).