Hongli Group Balance Sheet Health
Financial Health criteria checks 3/6
Hongli Group has a total shareholder equity of $21.1M and total debt of $9.1M, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are $32.1M and $11.0M respectively. Hongli Group's EBIT is $1.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $775.7K.
Key information
42.9%
Debt to equity ratio
US$9.06m
Debt
Interest coverage ratio | 1.6x |
Cash | US$775.69k |
Equity | US$21.11m |
Total liabilities | US$11.02m |
Total assets | US$32.13m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HLP's short term assets ($10.8M) exceed its short term liabilities ($7.7M).
Long Term Liabilities: HLP's short term assets ($10.8M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: HLP's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HLP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HLP's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: HLP's interest payments on its debt are not well covered by EBIT (1.6x coverage).