Xiamen Hongxin Electronics Technology Group Balance Sheet Health
Financial Health criteria checks 2/6
Xiamen Hongxin Electronics Technology Group has a total shareholder equity of CN¥1.4B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are CN¥6.8B and CN¥5.3B respectively. Xiamen Hongxin Electronics Technology Group's EBIT is CN¥215.2M making its interest coverage ratio 10.1. It has cash and short-term investments of CN¥377.9M.
Key information
122.8%
Debt to equity ratio
CN¥1.76b
Debt
| Interest coverage ratio | 10.1x |
| Cash | CN¥377.95m |
| Equity | CN¥1.43b |
| Total liabilities | CN¥5.33b |
| Total assets | CN¥6.76b |
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
Here's What To Make Of Xiamen Hongxin Electronics Technology Group's (SZSE:300657) Decelerating Rates Of Return
Apr 01Xiamen Hongxin Electronics Technology Group Inc.'s (SZSE:300657) Shares Leap 26% Yet They're Still Not Telling The Full Story
Feb 06The 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¥3.5B) do not cover its short term liabilities (CN¥3.9B).
Long Term Liabilities: 300657's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 300657's net debt to equity ratio (96.3%) is considered high.
Reducing Debt: 300657's debt to equity ratio has increased from 41.5% to 122.8% over the past 5 years.
Debt Coverage: 300657's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 300657's interest payments on its debt are well covered by EBIT (10.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/29 23:18 |
| End of Day Share Price | 2025/04/29 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Xiamen Hongxin Electronics Technology Group Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kang Yao | Industrial Securities Co. Ltd. |
| Jing Fang | Minsheng Securities Co. |
| Jian Pan | Tianfeng Securities Brokerage Co., Ltd |