Shenzhen Huaqiang Industry Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Huaqiang Industry has a total shareholder equity of CN¥8.1B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are CN¥16.6B and CN¥8.5B respectively. Shenzhen Huaqiang Industry's EBIT is CN¥790.4M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥2.9B.
Key information
78.4%
Debt to equity ratio
CN¥6.33b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥2.93b |
| Equity | CN¥8.07b |
| Total liabilities | CN¥8.49b |
| Total assets | CN¥16.56b |
Recent financial health updates
Does Shenzhen Huaqiang Industry (SZSE:000062) Have A Healthy Balance Sheet?
Nov 21
Shenzhen Huaqiang Industry (SZSE:000062) Takes On Some Risk With Its Use Of Debt
Aug 07Recent updates
Does Shenzhen Huaqiang Industry (SZSE:000062) Have A Healthy Balance Sheet?
Nov 21Shenzhen Huaqiang Industry Co., Ltd. (SZSE:000062) Not Doing Enough For Some Investors As Its Shares Slump 29%
Oct 07Subdued Growth No Barrier To Shenzhen Huaqiang Industry Co., Ltd. (SZSE:000062) With Shares Advancing 34%
Aug 19Shenzhen Huaqiang Industry (SZSE:000062) Takes On Some Risk With Its Use Of Debt
Aug 07Shenzhen Huaqiang Industry Co., Ltd.'s (SZSE:000062) Price Is Right But Growth Is Lacking
Jun 19Be Wary Of Shenzhen Huaqiang Industry (SZSE:000062) And Its Returns On Capital
Apr 12Financial Position Analysis
Short Term Liabilities: 000062's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 000062's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 000062's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: 000062's debt to equity ratio has increased from 61% to 78.4% over the past 5 years.
Debt Coverage: 000062's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 000062's interest payments on its debt are well covered by EBIT (3.7x coverage).