HIGEN Motor Balance Sheet Health
Financial Health criteria checks 4/6
HIGEN Motor has a total shareholder equity of ₩70.3B and total debt of ₩29.5B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are ₩120.6B and ₩50.3B respectively. HIGEN Motor's EBIT is ₩3.3B making its interest coverage ratio 2.1. It has cash and short-term investments of ₩37.1B.
Key information
42.0%
Debt to equity ratio
₩29.50b
Debt
| Interest coverage ratio | 2.1x |
| Cash | ₩37.06b |
| Equity | ₩70.29b |
| Total liabilities | ₩50.35b |
| Total assets | ₩120.63b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: A160190's short term assets (₩64.1B) exceed its short term liabilities (₩35.6B).
Long Term Liabilities: A160190's short term assets (₩64.1B) exceed its long term liabilities (₩14.7B).
Debt to Equity History and Analysis
Debt Level: A160190 has more cash than its total debt.
Reducing Debt: A160190's debt to equity ratio has reduced from 118.3% to 42% over the past 5 years.
Debt Coverage: A160190's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: A160190's interest payments on its debt are not well covered by EBIT (2.1x coverage).