Huaqin Technology Balance Sheet Health
Financial Health criteria checks 6/6
Huaqin Technology has a total shareholder equity of CN¥21.1B and total debt of CN¥7.3B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥59.0B and CN¥37.9B respectively. Huaqin Technology's EBIT is CN¥2.2B making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥13.6B.
Key information
34.4%
Debt to equity ratio
CN¥7.25b
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥13.60b |
| Equity | CN¥21.09b |
| Total liabilities | CN¥37.91b |
| Total assets | CN¥59.00b |
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
Does 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¥43.3B) exceed its short term liabilities (CN¥35.4B).
Long Term Liabilities: 603296's short term assets (CN¥43.3B) exceed its long term liabilities (CN¥2.5B).
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 70.9% to 34.4% over the past 5 years.
Debt Coverage: 603296's debt is well covered by operating cash flow (43.2%).
Interest Coverage: 603296 earns more interest than it pays, so coverage of interest payments is not a concern.