China Hongqiao Group Balance Sheet Health
Financial Health criteria checks 6/6
China Hongqiao Group has a total shareholder equity of CN¥106.3B and total debt of CN¥62.9B, which brings its debt-to-equity ratio to 59.2%. Its total assets and total liabilities are CN¥200.3B and CN¥94.1B respectively. China Hongqiao Group's EBIT is CN¥15.1B making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥31.7B.
Key information
59.2%
Debt to equity ratio
CN¥62.91b
Debt
Interest coverage ratio | 6.7x |
Cash | CN¥31.72b |
Equity | CN¥106.26b |
Total liabilities | CN¥94.06b |
Total assets | CN¥200.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H0Q's short term assets (CN¥87.4B) exceed its short term liabilities (CN¥74.0B).
Long Term Liabilities: H0Q's short term assets (CN¥87.4B) exceed its long term liabilities (CN¥20.0B).
Debt to Equity History and Analysis
Debt Level: H0Q's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: H0Q's debt to equity ratio has reduced from 131.7% to 59.2% over the past 5 years.
Debt Coverage: H0Q's debt is well covered by operating cash flow (35.6%).
Interest Coverage: H0Q's interest payments on its debt are well covered by EBIT (6.7x coverage).