China Hongguang Holdings Balance Sheet Health
Financial Health criteria checks 5/6
China Hongguang Holdings has a total shareholder equity of CN¥317.9M and total debt of CN¥79.3M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥439.0M and CN¥121.1M respectively. China Hongguang Holdings's EBIT is CN¥43.9M making its interest coverage ratio 10. It has cash and short-term investments of CN¥89.5M.
Key information
24.9%
Debt to equity ratio
CN¥79.29m
Debt
| Interest coverage ratio | 10x |
| Cash | CN¥89.52m |
| Equity | CN¥317.92m |
| Total liabilities | CN¥121.10m |
| Total assets | CN¥439.01m |
Recent financial health updates
China Hongguang Holdings (HKG:8646) Has A Rock Solid Balance Sheet
Sep 12
Is China Hongguang Holdings (HKG:8646) Using Too Much Debt?
Sep 28Is China Hongguang Holdings (HKG:8646) A Risky Investment?
Apr 04Recent updates
China Hongguang Holdings (HKG:8646) Is Reinvesting At Lower Rates Of Return
May 01Solid Earnings May Not Tell The Whole Story For China Hongguang Holdings (HKG:8646)
Apr 04China Hongguang Holdings Limited's (HKG:8646) Low P/E No Reason For Excitement
Jan 09China Hongguang Holdings (HKG:8646) Has A Rock Solid Balance Sheet
Sep 12China Hongguang Holdings' (HKG:8646) Returns On Capital Not Reflecting Well On The Business
Aug 16There Are Reasons To Feel Uneasy About China Hongguang Holdings' (HKG:8646) Returns On Capital
Apr 18China Hongguang Holdings (HKG:8646) Is Reinvesting At Lower Rates Of Return
Jan 06Is China Hongguang Holdings (HKG:8646) Using Too Much Debt?
Sep 28The Returns On Capital At China Hongguang Holdings (HKG:8646) Don't Inspire Confidence
Aug 18Investors Could Be Concerned With China Hongguang Holdings' (HKG:8646) Returns On Capital
May 09Is China Hongguang Holdings (HKG:8646) A Risky Investment?
Apr 04China Hongguang Holdings' (HKG:8646) Returns On Capital Not Reflecting Well On The Business
Jan 04China Hongguang Holdings (HKG:8646) Could Be Struggling To Allocate Capital
Oct 06China Hongguang Holdings (HKG:8646) Is Reinvesting At Lower Rates Of Return
May 18The Trends At China Hongguang Holdings (HKG:8646) That You Should Know About
Feb 02Financial Position Analysis
Short Term Liabilities: 8646's short term assets (CN¥369.2M) exceed its short term liabilities (CN¥114.2M).
Long Term Liabilities: 8646's short term assets (CN¥369.2M) exceed its long term liabilities (CN¥6.9M).
Debt to Equity History and Analysis
Debt Level: 8646 has more cash than its total debt.
Reducing Debt: 8646's debt to equity ratio has reduced from 34.4% to 24.9% over the past 5 years.
Debt Coverage: 8646's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8646's interest payments on its debt are well covered by EBIT (10x coverage).