Huaqin Technology Balance Sheet Health
Financial Health criteria checks 6/6
Huaqin Technology has a total shareholder equity of CN¥21.7B and total debt of CN¥11.0B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are CN¥74.9B and CN¥53.2B respectively. Huaqin Technology's EBIT is CN¥2.0B making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥15.1B.
Key information
50.9%
Debt to equity ratio
CN¥11.05b
Debt
| Interest coverage ratio | -5.5x |
| Cash | CN¥15.09b |
| Equity | CN¥21.70b |
| Total liabilities | CN¥53.20b |
| Total assets | CN¥74.90b |
Recent financial health updates
Does Huaqin Technology (SHSE:603296) Have A Healthy Balance Sheet?
Sep 08
We Think Huaqin Technology (SHSE:603296) Can Stay On Top Of Its Debt
Apr 26Recent updates
Huaqin Technology's (SHSE:603296) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 04Huaqin Technology Co., Ltd. Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next
Nov 01There's Been No Shortage Of Growth Recently For Huaqin Technology's (SHSE:603296) Returns On Capital
Oct 14Does Huaqin Technology (SHSE:603296) Have A Healthy Balance Sheet?
Sep 08We Think That There Are More Issues For Huaqin Technology (SHSE:603296) Than Just Sluggish Earnings
May 05We Think Huaqin Technology (SHSE:603296) Can Stay On Top Of Its Debt
Apr 26Calculating The Intrinsic Value Of Huaqin Technology Co., Ltd. (SHSE:603296)
Feb 29Financial Position Analysis
Short Term Liabilities: 603296's short term assets (CN¥57.8B) exceed its short term liabilities (CN¥50.4B).
Long Term Liabilities: 603296's short term assets (CN¥57.8B) exceed its long term liabilities (CN¥2.8B).
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 66.2% to 50.9% over the past 5 years.
Debt Coverage: 603296's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 603296 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Huaqin Technology Co., Ltd. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shunhe Jia | China International Capital Corporation Limited |
| Hanjing Wen | China International Capital Corporation Limited |
| Tao Xu | Citic Securities Co., Ltd. |