Hangzhou Innover Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Innover Technology has a total shareholder equity of CN¥820.4M and total debt of CN¥3.0M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.1B and CN¥250.6M respectively. Hangzhou Innover Technology's EBIT is CN¥52.6M making its interest coverage ratio -24.2. It has cash and short-term investments of CN¥284.7M.
Key information
0.4%
Debt to equity ratio
CN¥3.00m
Debt
Interest coverage ratio | -24.2x |
Cash | CN¥284.66m |
Equity | CN¥820.37m |
Total liabilities | CN¥250.59m |
Total assets | CN¥1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002767's short term assets (CN¥791.5M) exceed its short term liabilities (CN¥245.3M).
Long Term Liabilities: 002767's short term assets (CN¥791.5M) exceed its long term liabilities (CN¥5.3M).
Debt to Equity History and Analysis
Debt Level: 002767 has more cash than its total debt.
Reducing Debt: 002767's debt to equity ratio has increased from 0% to 0.4% over the past 5 years.
Debt Coverage: 002767's debt is well covered by operating cash flow (3304.7%).
Interest Coverage: 002767 earns more interest than it pays, so coverage of interest payments is not a concern.