Huitongda Network Balance Sheet Health
Financial Health criteria checks 6/6
Huitongda Network has a total shareholder equity of CN¥9.5B and total debt of CN¥626.8M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥29.1B and CN¥19.6B respectively. Huitongda Network's EBIT is CN¥610.8M making its interest coverage ratio -159.1. It has cash and short-term investments of CN¥7.0B.
Key information
6.6%
Debt to equity ratio
CN¥626.76m
Debt
| Interest coverage ratio | -159.1x |
| Cash | CN¥7.03b |
| Equity | CN¥9.50b |
| Total liabilities | CN¥19.62b |
| Total assets | CN¥29.11b |
Recent financial health updates
Recent updates
Does Huitongda Network (HKG:9878) Have A Healthy Balance Sheet?
Apr 19
Return Trends At Huitongda Network (HKG:9878) Aren't Appealing
Feb 29Returns At Huitongda Network (HKG:9878) Appear To Be Weighed Down
Nov 22Here's Why We Think Huitongda Network (HKG:9878) Might Deserve Your Attention Today
Oct 26There May Be Underlying Issues With The Quality Of Huitongda Network's (HKG:9878) Earnings
Oct 05Huitongda Network (HKG:9878) Has More To Do To Multiply In Value Going Forward
Aug 08Fewer Investors Than Expected Jumping On Huitongda Network Co., Ltd. (HKG:9878)
Jul 20Huitongda Network Co., Ltd. (HKG:9878) Shares Could Be 43% Below Their Intrinsic Value Estimate
Apr 18Returns At Huitongda Network (HKG:9878) Appear To Be Weighed Down
Mar 15Financial Position Analysis
Short Term Liabilities: 9878's short term assets (CN¥27.4B) exceed its short term liabilities (CN¥19.3B).
Long Term Liabilities: 9878's short term assets (CN¥27.4B) exceed its long term liabilities (CN¥298.3M).
Debt to Equity History and Analysis
Debt Level: 9878 has more cash than its total debt.
Reducing Debt: 9878 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 9878's debt is well covered by operating cash flow (75.1%).
Interest Coverage: 9878 earns more interest than it pays, so coverage of interest payments is not a concern.