Hengong Precision Equipment Co Ltd
SZSE:301261
Bankruptcy Probability
Hengong Precision Equipment Co Ltd's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk. The solvency score is 66/100 — a warning sign of potential financial weakness.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Hengong Precision Equipment Co Ltd Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| CN |
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Hengong Precision Equipment Co Ltd
SZSE:301261
|
7.3B CNY |
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| ZA |
K
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Kumba Iron Ore Ltd
JSE:KIO
|
104.5B ZAR |
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| BR |
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Vale SA
BOVESPA:VALE3
|
334.2B BRL |
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| AU |
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Fortescue Metals Group Ltd
ASX:FMG
|
63B AUD |
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| AU |
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Fortescue Ltd
XMUN:FVJ
|
38.4B EUR |
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| LU |
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ArcelorMittal SA
AEX:MT
|
34.8B EUR |
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| US |
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Nucor Corp
NYSE:NUE
|
37.4B USD |
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| IN |
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JSW Steel Ltd
NSE:JSWSTEEL
|
2.7T INR |
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| US |
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Steel Dynamics Inc
NASDAQ:STLD
|
24.9B USD |
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| IN |
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Tata Steel Ltd
NSE:TATASTEEL
|
2.3T INR |
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| CN |
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Baoshan Iron & Steel Co Ltd
SSE:600019
|
154.4B CNY |
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Hengong Precision Equipment Co Ltd's probability of bankruptcy is 1.8%, pointing to a small but noticeable default risk.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Hengong Precision Equipment Co Ltd has total debt of 875.3m CNY. This includes both short-term (826.6m CNY) and long-term (48.6m CNY) debt.
You can find a full breakdown on its Balance Sheet.
