Guangzhou Hangxin Aviation Technology Balance Sheet Health
Financial Health criteria checks 2/6
Guangzhou Hangxin Aviation Technology has a total shareholder equity of CN¥813.4M and total debt of CN¥848.5M, which brings its debt-to-equity ratio to 104.3%. Its total assets and total liabilities are CN¥2.4B and CN¥1.6B respectively. Guangzhou Hangxin Aviation Technology's EBIT is CN¥70.3M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥242.0M.
Key information
104.3%
Debt to equity ratio
CN¥848.50m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥241.99m |
| Equity | CN¥813.37m |
| Total liabilities | CN¥1.56b |
| Total assets | CN¥2.37b |
Recent financial health updates
Recent updates
We Think Guangzhou Hangxin Aviation Technology (SZSE:300424) Can Stay On Top Of Its Debt
Oct 18
Further Upside For Guangzhou Hangxin Aviation Technology Co., Ltd. (SZSE:300424) Shares Could Introduce Price Risks After 26% Bounce
Oct 01Here's Why We Think Guangzhou Hangxin Aviation Technology (SZSE:300424) Might Deserve Your Attention Today
Sep 28Guangzhou Hangxin Aviation Technology (SZSE:300424) Strong Profits May Be Masking Some Underlying Issues
Sep 03After Leaping 32% Guangzhou Hangxin Aviation Technology Co., Ltd. (SZSE:300424) Shares Are Not Flying Under The Radar
Aug 03Financial Position Analysis
Short Term Liabilities: 300424's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300424's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥547.2M).
Debt to Equity History and Analysis
Debt Level: 300424's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: 300424's debt to equity ratio has increased from 93.7% to 104.3% over the past 5 years.
Debt Coverage: 300424's debt is not well covered by operating cash flow (10%).
Interest Coverage: 300424's interest payments on its debt are not well covered by EBIT (1.9x coverage).