Shenzhen Hui Chuang Da Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Hui Chuang Da Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥32.5M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥2.7B and CN¥712.8M respectively. Shenzhen Hui Chuang Da Technology's EBIT is CN¥115.3M making its interest coverage ratio 62.3. It has cash and short-term investments of CN¥616.5M.
Key information
1.7%
Debt to equity ratio
CN¥32.50m
Debt
| Interest coverage ratio | 62.3x |
| Cash | CN¥616.45m |
| Equity | CN¥1.94b |
| Total liabilities | CN¥712.81m |
| Total assets | CN¥2.66b |
Financial Position Analysis
Short Term Liabilities: 300909's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥485.5M).
Long Term Liabilities: 300909's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥227.3M).
Debt to Equity History and Analysis
Debt Level: 300909 has more cash than its total debt.
Reducing Debt: 300909's debt to equity ratio has reduced from 4.9% to 1.7% over the past 5 years.
Debt Coverage: 300909's debt is well covered by operating cash flow (595.4%).
Interest Coverage: 300909's interest payments on its debt are well covered by EBIT (62.3x coverage).