Hongcheng Environmental Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hongcheng Environmental Technology has a total shareholder equity of CN¥471.2M and total debt of CN¥117.2M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥796.7M and CN¥325.5M respectively. Hongcheng Environmental Technology's EBIT is CN¥29.2M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥85.8M.
Key information
24.9%
Debt to equity ratio
CN¥117.18m
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥85.84m |
Equity | CN¥471.19m |
Total liabilities | CN¥325.47m |
Total assets | CN¥796.66m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2265's short term assets (CN¥203.6M) exceed its short term liabilities (CN¥177.7M).
Long Term Liabilities: 2265's short term assets (CN¥203.6M) exceed its long term liabilities (CN¥147.8M).
Debt to Equity History and Analysis
Debt Level: 2265's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 2265's debt to equity ratio has reduced from 159.2% to 24.9% over the past 5 years.
Debt Coverage: 2265's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2265's interest payments on its debt are well covered by EBIT (3.8x coverage).