Hitevision Balance Sheet Health
Financial Health criteria checks 6/6
Hitevision has a total shareholder equity of CN¥3.5B and total debt of CN¥89.2M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥4.7B and CN¥1.2B respectively. Hitevision's EBIT is CN¥359.1M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥1.9B.
Key information
2.6%
Debt to equity ratio
CN¥89.16m
Debt
Interest coverage ratio | -12.6x |
Cash | CN¥1.89b |
Equity | CN¥3.49b |
Total liabilities | CN¥1.18b |
Total assets | CN¥4.67b |
Recent financial health updates
Recent updates
Hitevision (SZSE:002955) May Have Issues Allocating Its Capital
Jun 26Hitevision (SZSE:002955) Seems To Use Debt Rather Sparingly
Jun 07Fewer Investors Than Expected Jumping On Hitevision Co., Ltd. (SZSE:002955)
May 21Hitevision's (SZSE:002955) Soft Earnings Are Actually Better Than They Appear
May 02Calculating The Intrinsic Value Of Hitevision Co., Ltd. (SZSE:002955)
Apr 12Financial Position Analysis
Short Term Liabilities: 002955's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥744.1M).
Long Term Liabilities: 002955's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥440.8M).
Debt to Equity History and Analysis
Debt Level: 002955 has more cash than its total debt.
Reducing Debt: 002955's debt to equity ratio has reduced from 22.6% to 2.6% over the past 5 years.
Debt Coverage: 002955's debt is well covered by operating cash flow (736.8%).
Interest Coverage: 002955 earns more interest than it pays, so coverage of interest payments is not a concern.