Wenzhou Hongfeng Electrical Alloy Balance Sheet Health
Financial Health criteria checks 2/6
Wenzhou Hongfeng Electrical Alloy has a total shareholder equity of CN¥1.0B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are CN¥2.9B and CN¥1.8B respectively.
Key information
124.5%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥137.18m |
| Equity | CN¥1.05b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥2.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300283's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300283's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥735.7M).
Debt to Equity History and Analysis
Debt Level: 300283's net debt to equity ratio (111.4%) is considered high.
Reducing Debt: 300283's debt to equity ratio has increased from 99.1% to 124.5% over the past 5 years.
Debt Coverage: 300283's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300283's interest payments on its debt are well covered by EBIT.