HengbaoLtd Balance Sheet Health
Financial Health criteria checks 5/6
HengbaoLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥111.5M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CN¥2.5B and CN¥326.5M respectively. HengbaoLtd's EBIT is CN¥139.8M making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥1.3B.
Key information
5.2%
Debt to equity ratio
CN¥111.49m
Debt
Interest coverage ratio | -9.4x |
Cash | CN¥1.32b |
Equity | CN¥2.16b |
Total liabilities | CN¥326.54m |
Total assets | CN¥2.49b |
Financial Position Analysis
Short Term Liabilities: 002104's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥267.2M).
Long Term Liabilities: 002104's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥59.4M).
Debt to Equity History and Analysis
Debt Level: 002104 has more cash than its total debt.
Reducing Debt: 002104's debt to equity ratio has increased from 0% to 5.2% over the past 5 years.
Debt Coverage: 002104's debt is well covered by operating cash flow (170.6%).
Interest Coverage: 002104 earns more interest than it pays, so coverage of interest payments is not a concern.