Harbin Air ConditioningLtd Balance Sheet Health
Financial Health criteria checks 2/6
Harbin Air ConditioningLtd has a total shareholder equity of CN¥864.1M and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 119.2%. Its total assets and total liabilities are CN¥3.1B and CN¥2.2B respectively. Harbin Air ConditioningLtd's EBIT is CN¥68.8M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥438.5M.
Key information
119.2%
Debt to equity ratio
CN¥1.03b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥438.47m |
Equity | CN¥864.06m |
Total liabilities | CN¥2.22b |
Total assets | CN¥3.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600202's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 600202's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥587.4M).
Debt to Equity History and Analysis
Debt Level: 600202's net debt to equity ratio (68.5%) is considered high.
Reducing Debt: 600202's debt to equity ratio has increased from 8.2% to 119.2% over the past 5 years.
Debt Coverage: 600202's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600202's interest payments on its debt are not well covered by EBIT (2.6x coverage).