Huagong Tech Balance Sheet Health
Financial Health criteria checks 4/6
Huagong Tech has a total shareholder equity of CN¥10.0B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are CN¥19.7B and CN¥9.7B respectively. Huagong Tech's EBIT is CN¥728.8M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥3.7B.
Key information
34.3%
Debt to equity ratio
CN¥3.44b
Debt
| Interest coverage ratio | -3.8x |
| Cash | CN¥3.71b |
| Equity | CN¥10.04b |
| Total liabilities | CN¥9.68b |
| Total assets | CN¥19.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000988's short term assets (CN¥14.5B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 000988's short term assets (CN¥14.5B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 000988 has more cash than its total debt.
Reducing Debt: 000988's debt to equity ratio has increased from 8.7% to 34.3% over the past 5 years.
Debt Coverage: 000988's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 000988 earns more interest than it pays, so coverage of interest payments is not a concern.