Shenzhen Huaqiang Industry Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Huaqiang Industry has a total shareholder equity of CN¥8.0B and total debt of CN¥7.7B, which brings its debt-to-equity ratio to 95.6%. Its total assets and total liabilities are CN¥17.7B and CN¥9.7B respectively. Shenzhen Huaqiang Industry's EBIT is CN¥926.6M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥3.3B.
Key information
95.6%
Debt to equity ratio
CN¥7.67b
Debt
Interest coverage ratio | 4.6x |
Cash | CN¥3.32b |
Equity | CN¥8.02b |
Total liabilities | CN¥9.72b |
Total assets | CN¥17.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000062's short term assets (CN¥12.7B) exceed its short term liabilities (CN¥8.4B).
Long Term Liabilities: 000062's short term assets (CN¥12.7B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 000062's net debt to equity ratio (54.1%) is considered high.
Reducing Debt: 000062's debt to equity ratio has increased from 67.3% to 95.6% over the past 5 years.
Debt Coverage: 000062's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000062's interest payments on its debt are well covered by EBIT (4.6x coverage).