Wuxi Hodgen Technology Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Hodgen Technology has a total shareholder equity of CN¥951.0M and total debt of CN¥595.0M, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Wuxi Hodgen Technology's EBIT is CN¥100.1M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥461.7M.
Key information
62.6%
Debt to equity ratio
CN¥595.03m
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥461.67m |
Equity | CN¥951.03m |
Total liabilities | CN¥1.27b |
Total assets | CN¥2.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300279's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300279's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥76.0M).
Debt to Equity History and Analysis
Debt Level: 300279's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 300279's debt to equity ratio has reduced from 96.3% to 62.6% over the past 5 years.
Debt Coverage: 300279's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 300279's interest payments on its debt are well covered by EBIT (6.5x coverage).