Huizhou Speed Wireless TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Huizhou Speed Wireless TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are CN¥2.9B and CN¥1.9B respectively. Huizhou Speed Wireless TechnologyLtd's EBIT is CN¥6.9M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥318.3M.
Key information
101.4%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | 0.3x |
| Cash | CN¥318.35m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥1.85b |
| Total assets | CN¥2.95b |
Recent financial health updates
We Think Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Is Taking Some Risk With Its Debt
Nov 22
Would Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Be Better Off With Less Debt?
Jul 16Would Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Be Better Off With Less Debt?
Mar 04Recent updates
We Think Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Is Taking Some Risk With Its Debt
Nov 22Optimistic Investors Push Huizhou Speed Wireless Technology Co.,Ltd. (SZSE:300322) Shares Up 54% But Growth Is Lacking
Oct 08Huizhou Speed Wireless Technology Co.,Ltd.'s (SZSE:300322) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Aug 16Would Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Be Better Off With Less Debt?
Jul 16There's No Escaping Huizhou Speed Wireless Technology Co.,Ltd.'s (SZSE:300322) Muted Revenues Despite A 39% Share Price Rise
Mar 29Would Huizhou Speed Wireless TechnologyLtd (SZSE:300322) Be Better Off With Less Debt?
Mar 04Financial Position Analysis
Short Term Liabilities: 300322's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300322's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥227.3M).
Debt to Equity History and Analysis
Debt Level: 300322's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: 300322's debt to equity ratio has increased from 68.4% to 101.4% over the past 5 years.
Debt Coverage: 300322's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 300322's interest payments on its debt are not well covered by EBIT (0.3x coverage).