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
Lacklustre Performance Is Driving Shenzhen Huaqiang Industry Co., Ltd.'s (SZSE:000062) 30% Price Drop
Nov 30Does 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 22:33 |
| 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
Shenzhen Huaqiang Industry Co., Ltd. is covered by 5 analysts. 0 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 |
|---|---|
| Zhi Xue Diao | Avic Securities Co., Ltd |
| Jing Xing Liu | Changjiang Securities Co. LTD. |
| Fan Yan | China Merchants Securities Co. Ltd. |