Guangzhou Hangxin Aviation Technology Balance Sheet Health
Financial Health criteria checks 2/6
Guangzhou Hangxin Aviation Technology has a total shareholder equity of CN¥811.7M and total debt of CN¥787.3M, which brings its debt-to-equity ratio to 97%. Its total assets and total liabilities are CN¥2.4B and CN¥1.6B respectively. Guangzhou Hangxin Aviation Technology's EBIT is CN¥72.4M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥290.0M.
Key information
97.0%
Debt to equity ratio
CN¥787.29m
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥290.02m |
Equity | CN¥811.67m |
Total liabilities | CN¥1.62b |
Total assets | CN¥2.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300424's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300424's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥545.9M).
Debt to Equity History and Analysis
Debt Level: 300424's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: 300424's debt to equity ratio has increased from 87.3% to 97% over the past 5 years.
Debt Coverage: 300424's debt is not well covered by operating cash flow (8%).
Interest Coverage: 300424's interest payments on its debt are not well covered by EBIT (2.3x coverage).