Shenzhen hongfuhan Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen hongfuhan Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥271.9M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are CN¥2.5B and CN¥507.2M respectively. Shenzhen hongfuhan Technology's EBIT is CN¥105.4M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥842.1M.
Key information
14.0%
Debt to equity ratio
CN¥271.86m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥842.13m |
Equity | CN¥1.95b |
Total liabilities | CN¥507.20m |
Total assets | CN¥2.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301086's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥370.1M).
Long Term Liabilities: 301086's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥137.1M).
Debt to Equity History and Analysis
Debt Level: 301086 has more cash than its total debt.
Reducing Debt: 301086's debt to equity ratio has reduced from 28.8% to 14% over the past 5 years.
Debt Coverage: 301086's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 301086 earns more interest than it pays, so coverage of interest payments is not a concern.