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.