XiaMen HongXin Electron-tech GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
XiaMen HongXin Electron-tech GroupLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 100.5%. Its total assets and total liabilities are CN¥6.2B and CN¥4.6B respectively.
Key information
100.5%
Debt to equity ratio
CN¥1.67b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥391.04m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥4.57b |
| Total assets | CN¥6.23b |
Recent financial health updates
Is XiaMen HongXin Electron-tech GroupLtd (SZSE:300657) A Risky Investment?
Aug 16
XiaMen HongXin Electron-tech GroupLtd (SZSE:300657) Is Making Moderate Use Of Debt
Feb 29Recent updates
The Market Lifts XiaMen HongXin Electron-tech Group Co.,Ltd (SZSE:300657) Shares 41% But It Can Do More
Oct 08Is XiaMen HongXin Electron-tech GroupLtd (SZSE:300657) A Risky Investment?
Aug 16Investors Aren't Buying XiaMen HongXin Electron-tech Group Co.,Ltd's (SZSE:300657) Revenues
Jul 12XiaMen HongXin Electron-tech Group Co.,Ltd (SZSE:300657) Surges 29% Yet Its Low P/S Is No Reason For Excitement
Mar 01XiaMen HongXin Electron-tech GroupLtd (SZSE:300657) Is Making Moderate Use Of Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 300657's short term assets (CN¥3.3B) do not cover its short term liabilities (CN¥3.8B).
Long Term Liabilities: 300657's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥726.4M).
Debt to Equity History and Analysis
Debt Level: 300657's net debt to equity ratio (77%) is considered high.
Reducing Debt: 300657's debt to equity ratio has increased from 45.1% to 100.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 300657 has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 300657 is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.