Huagong Tech Balance Sheet Health
Financial Health criteria checks 5/6
Huagong Tech has a total shareholder equity of CN¥9.5B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥17.6B and CN¥8.1B respectively. Huagong Tech's EBIT is CN¥597.3M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥4.3B.
Key information
31.0%
Debt to equity ratio
CN¥2.93b
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥4.32b |
Equity | CN¥9.47b |
Total liabilities | CN¥8.11b |
Total assets | CN¥17.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000988's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 000988's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.0B).
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 10.2% to 31% over the past 5 years.
Debt Coverage: 000988's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 000988 earns more interest than it pays, so coverage of interest payments is not a concern.