Shenzhen hongfuhan Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen hongfuhan Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥331.2M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CN¥2.6B and CN¥640.2M respectively. Shenzhen hongfuhan Technology's EBIT is CN¥108.4M making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥788.4M.
Key information
17.0%
Debt to equity ratio
CN¥331.21m
Debt
| Interest coverage ratio | -7.7x |
| Cash | CN¥788.37m |
| Equity | CN¥1.95b |
| Total liabilities | CN¥640.20m |
| Total assets | CN¥2.59b |
Recent financial health updates
Shenzhen hongfuhan Technology (SZSE:301086) Takes On Some Risk With Its Use Of Debt
Oct 25
Is Shenzhen hongfuhan Technology (SZSE:301086) A Risky Investment?
Jun 18Recent updates
Shenzhen hongfuhan Technology (SZSE:301086) Takes On Some Risk With Its Use Of Debt
Oct 25Unpleasant Surprises Could Be In Store For Shenzhen hongfuhan Technology Co. Ltd.'s (SZSE:301086) Shares
Oct 01Is Shenzhen hongfuhan Technology (SZSE:301086) A Risky Investment?
Jun 18Optimistic Investors Push Shenzhen hongfuhan Technology Co. Ltd. (SZSE:301086) Shares Up 31% But Growth Is Lacking
May 23Earnings Troubles May Signal Larger Issues for Shenzhen hongfuhan Technology (SZSE:301086) Shareholders
May 02Financial Position Analysis
Short Term Liabilities: 301086's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥505.1M).
Long Term Liabilities: 301086's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥135.1M).
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 20.8% to 17% over the past 5 years.
Debt Coverage: 301086's debt is well covered by operating cash flow (34.2%).
Interest Coverage: 301086 earns more interest than it pays, so coverage of interest payments is not a concern.