Hexing ElectricalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hexing ElectricalLtd has a total shareholder equity of CN¥6.9B and total debt of CN¥264.6M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥9.1B and CN¥2.2B respectively. Hexing ElectricalLtd's EBIT is CN¥1.3B making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥3.0B.
Key information
3.8%
Debt to equity ratio
CN¥264.64m
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥3.00b |
| Equity | CN¥6.90b |
| Total liabilities | CN¥2.22b |
| Total assets | CN¥9.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603556's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603556's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥276.6M).
Debt to Equity History and Analysis
Debt Level: 603556 has more cash than its total debt.
Reducing Debt: 603556's debt to equity ratio has reduced from 9.7% to 3.8% over the past 5 years.
Debt Coverage: 603556's debt is well covered by operating cash flow (416.7%).
Interest Coverage: 603556 earns more interest than it pays, so coverage of interest payments is not a concern.