Zhejiang Hechuan Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Hechuan Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥211.8M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are CN¥2.1B and CN¥535.0M respectively. Zhejiang Hechuan Technology's EBIT is CN¥11.1M making its interest coverage ratio -3. It has cash and short-term investments of CN¥124.4M.
Key information
13.7%
Debt to equity ratio
CN¥211.80m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥124.36m |
| Equity | CN¥1.55b |
| Total liabilities | CN¥535.00m |
| Total assets | CN¥2.08b |
Recent financial health updates
Recent updates
Analysts Just Slashed Their Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) EPS Numbers
Apr 30
Zhejiang Hechuan Technology Co., Ltd.'s (SHSE:688320) 28% Cheaper Price Remains In Tune With Earnings
Apr 17Here's Why Zhejiang Hechuan Technology (SHSE:688320) Has A Meaningful Debt Burden
Mar 25Zhejiang Hechuan Technology Co., Ltd.'s (SHSE:688320) 25% Price Boost Is Out Of Tune With Revenues
Mar 03Analysts Just Slashed Their Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) EPS Numbers
Feb 28Financial Position Analysis
Short Term Liabilities: 688320's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥483.7M).
Long Term Liabilities: 688320's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥51.3M).
Debt to Equity History and Analysis
Debt Level: 688320's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 688320's debt to equity ratio has increased from 4.1% to 13.7% over the past 5 years.
Debt Coverage: 688320's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688320 earns more interest than it pays, so coverage of interest payments is not a concern.