Suzhou Hengmingda Electronic Technology Balance Sheet Health
Financial Health criteria checks 5/6
Suzhou Hengmingda Electronic Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥5.8M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥3.8B and CN¥767.5M respectively. Suzhou Hengmingda Electronic Technology's EBIT is CN¥452.1M making its interest coverage ratio -16. It has cash and short-term investments of CN¥1.1B.
Key information
0.2%
Debt to equity ratio
CN¥5.76m
Debt
| Interest coverage ratio | -16x |
| Cash | CN¥1.06b |
| Equity | CN¥3.02b |
| Total liabilities | CN¥767.53m |
| Total assets | CN¥3.79b |
Recent financial health updates
No updates
Recent updates
Many Still Looking Away From Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947)
Nov 21
With EPS Growth And More, Suzhou Hengmingda Electronic Technology (SZSE:002947) Makes An Interesting Case
Aug 08Investors Continue Waiting On Sidelines For Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947)
Jun 26Suzhou Hengmingda Electronic Technology's (SZSE:002947) Promising Earnings May Rest On Soft Foundations
Apr 08Does Suzhou Hengmingda Electronic Technology (SZSE:002947) Deserve A Spot On Your Watchlist?
Mar 26Why Investors Shouldn't Be Surprised By Suzhou Hengmingda Electronic Technology Co., Ltd.'s (SZSE:002947) Low P/E
Feb 28Financial Position Analysis
Short Term Liabilities: 002947's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥683.4M).
Long Term Liabilities: 002947's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥84.2M).
Debt to Equity History and Analysis
Debt Level: 002947 has more cash than its total debt.
Reducing Debt: 002947's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 002947's debt is well covered by operating cash flow (3337%).
Interest Coverage: 002947 earns more interest than it pays, so coverage of interest payments is not a concern.