Hes Technology Group (002963) — Cash Flow-to-Debt Ratio
Hes Technology Group (002963) has a Cash Flow-to-Debt Ratio of 0.16x as of September 2025, meaning its operating cash flow of CN¥68.47 Million could theoretically repay 0% of its total liabilities (CN¥436.10 Million) in one year. See 002963 free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Hes Technology Group Cash Flow-to-Debt Ratio (2015–2025)
Historical debt coverage capacity for Hes Technology Group across 11 annual periods. For the full cash flow conversion analysis, see Hes Technology Group operating cash flow efficiency.
Annual Cash Flow-to-Debt Ratio for Hes Technology Group (2015–2025)
Year-by-year debt coverage analysis for Hes Technology Group. Check 002963 cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CNY) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.24x | CN¥102.90 Million | CN¥428.69 Million | ▲ +214.5% |
| 2024 | -0.21x | CN¥-99.30 Million | CN¥473.53 Million | ▼ -178.5% |
| 2023 | 0.27x | CN¥139.10 Million | CN¥521.04 Million | ▲ +198.3% |
| 2022 | -0.27x | CN¥-164.89 Million | CN¥606.96 Million | ▼ -364.0% |
| 2021 | 0.10x | CN¥66.41 Million | CN¥645.47 Million | ▲ +140.1% |
| 2020 | -0.26x | CN¥-122.94 Million | CN¥479.00 Million | ▼ -254.1% |
| 2019 | 0.17x | CN¥107.73 Million | CN¥646.79 Million | ▲ +43.5% |
| 2018 | 0.12x | CN¥48.65 Million | CN¥419.00 Million | ▲ +68.2% |
| 2017 | 0.07x | CN¥15.45 Million | CN¥223.93 Million | ▲ +113.1% |
| 2016 | -0.53x | CN¥-66.89 Million | CN¥126.75 Million | ▼ -449.8% |
| 2015 | 0.15x | CN¥16.22 Million | CN¥107.52 Million | — |