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¥1.5B, which brings its debt-to-equity ratio to 148.7%. Its total assets and total liabilities are CN¥3.0B and CN¥2.0B respectively.
Key information
148.7%
Debt to equity ratio
CN¥1.51b
Debt
Interest coverage ratio | n/a |
Cash | CN¥111.47m |
Equity | CN¥1.01b |
Total liabilities | CN¥1.97b |
Total assets | CN¥2.98b |
Recent financial health updates
No updates
Recent updates
Insufficient Growth At Wenzhou Hongfeng Electrical Alloy Co., Ltd. (SZSE:300283) Hampers Share Price
Jul 12Wenzhou Hongfeng Electrical Alloy's (SZSE:300283) Problems Go Beyond Poor Profit
Apr 24Optimistic Investors Push Wenzhou Hongfeng Electrical Alloy Co., Ltd. (SZSE:300283) Shares Up 30% But Growth Is Lacking
Mar 07Financial 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¥849.0M).
Debt to Equity History and Analysis
Debt Level: 300283's net debt to equity ratio (137.7%) is considered high.
Reducing Debt: 300283's debt to equity ratio has increased from 101.9% to 148.7% 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.