Huaqin Technology Balance Sheet Health
Financial Health criteria checks 6/6
Huaqin Technology has a total shareholder equity of CN¥21.3B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are CN¥51.8B and CN¥30.5B respectively. Huaqin Technology's EBIT is CN¥2.4B making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥15.5B.
Key information
22.1%
Debt to equity ratio
CN¥4.71b
Debt
Interest coverage ratio | -11.1x |
Cash | CN¥15.50b |
Equity | CN¥21.33b |
Total liabilities | CN¥30.50b |
Total assets | CN¥51.83b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603296's short term assets (CN¥36.3B) exceed its short term liabilities (CN¥28.7B).
Long Term Liabilities: 603296's short term assets (CN¥36.3B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 603296 has more cash than its total debt.
Reducing Debt: 603296's debt to equity ratio has reduced from 76.7% to 22.1% over the past 5 years.
Debt Coverage: 603296's debt is well covered by operating cash flow (82.3%).
Interest Coverage: 603296 earns more interest than it pays, so coverage of interest payments is not a concern.