Huagong Tech Balance Sheet Health
Financial Health criteria checks 5/6
Huagong Tech has a total shareholder equity of CN¥9.5B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are CN¥17.6B and CN¥8.1B respectively. Huagong Tech's EBIT is CN¥669.1M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥4.3B.
Key information
29.5%
Debt to equity ratio
CN¥2.79b
Debt
| Interest coverage ratio | -2.5x |
| Cash | CN¥4.32b |
| Equity | CN¥9.47b |
| Total liabilities | CN¥8.11b |
| Total assets | CN¥17.59b |
Recent financial health updates
Recent updates
Huagong Tech (SZSE:000988) Is Doing The Right Things To Multiply Its Share Price
Apr 25
Huagong Tech's (SZSE:000988) Solid Earnings May Rest On Weak Foundations
Apr 03Analysts Have Just Cut Their Huagong Tech Company Limited (SZSE:000988) Revenue Estimates By 11%
Apr 01Huagong Tech Company Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Mar 30Huagong Tech Company Limited (SZSE:000988) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected
Mar 01Huagong Tech (SZSE:000988) Seems To Use Debt Rather Sparingly
Feb 29Financial Position Analysis
Short Term Liabilities: 000988's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 000988's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 000988 has more cash than its total debt.
Reducing Debt: 000988's debt to equity ratio has increased from 10.2% to 29.5% over the past 5 years.
Debt Coverage: 000988's debt is well covered by operating cash flow (40.9%).
Interest Coverage: 000988 earns more interest than it pays, so coverage of interest payments is not a concern.