Hebei Sinopack Electronic TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hebei Sinopack Electronic TechnologyLtd has a total shareholder equity of CN¥6.2B and total debt of CN¥2.2M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥7.7B and CN¥1.5B respectively. Hebei Sinopack Electronic TechnologyLtd's EBIT is CN¥568.4M making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥3.8B.
Key information
0.04%
Debt to equity ratio
CN¥2.23m
Debt
| Interest coverage ratio | -10.6x |
| Cash | CN¥3.85b |
| Equity | CN¥6.20b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥7.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 003031's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 003031's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥274.7M).
Debt to Equity History and Analysis
Debt Level: 003031 has more cash than its total debt.
Reducing Debt: 003031's debt to equity ratio has reduced from 2.3% to 0.04% over the past 5 years.
Debt Coverage: 003031's debt is well covered by operating cash flow (27565.9%).
Interest Coverage: 003031 earns more interest than it pays, so coverage of interest payments is not a concern.