Suzhou Hengmingda Electronic Technology Balance Sheet Health
Financial Health criteria checks 5/6
Suzhou Hengmingda Electronic Technology has a total shareholder equity of CN¥2.1B and total debt of CN¥10.1M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥2.7B and CN¥554.5M respectively. Suzhou Hengmingda Electronic Technology's EBIT is CN¥316.9M making its interest coverage ratio -17.2. It has cash and short-term investments of CN¥1.0B.
Key information
0.5%
Debt to equity ratio
CN¥10.14m
Debt
Interest coverage ratio | -17.2x |
Cash | CN¥1.02b |
Equity | CN¥2.15b |
Total liabilities | CN¥554.47m |
Total assets | CN¥2.70b |
Recent financial health updates
No updates
Recent updates
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¥2.0B) exceed its short term liabilities (CN¥469.5M).
Long Term Liabilities: 002947's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥84.9M).
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 0.5% over the past 5 years.
Debt Coverage: 002947's debt is well covered by operating cash flow (3310.7%).
Interest Coverage: 002947 earns more interest than it pays, so coverage of interest payments is not a concern.