Henan Pinggao ElectricLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Pinggao ElectricLtd has a total shareholder equity of CN¥10.8B and total debt of CN¥172.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥20.4B and CN¥9.7B respectively. Henan Pinggao ElectricLtd's EBIT is CN¥1.0B making its interest coverage ratio -12.7. It has cash and short-term investments of CN¥5.1B.
Key information
1.6%
Debt to equity ratio
CN¥172.11m
Debt
| Interest coverage ratio | -12.7x |
| Cash | CN¥5.07b |
| Equity | CN¥10.76b |
| Total liabilities | CN¥9.66b |
| Total assets | CN¥20.41b |
Recent financial health updates
We Think Henan Pinggao ElectricLtd (SHSE:600312) Can Manage Its Debt With Ease
Aug 30
We Think Henan Pinggao ElectricLtd (SHSE:600312) Can Manage Its Debt With Ease
Mar 19Recent updates
We Think Henan Pinggao ElectricLtd (SHSE:600312) Can Manage Its Debt With Ease
Aug 30Henan Pinggao ElectricLtd (SHSE:600312) Might Have The Makings Of A Multi-Bagger
Jul 30Subdued Growth No Barrier To Henan Pinggao Electric Co.,Ltd. (SHSE:600312) With Shares Advancing 26%
Jun 17Henan Pinggao Electric Co.,Ltd.'s (SHSE:600312) Intrinsic Value Is Potentially 49% Above Its Share Price
Jun 06The Strong Earnings Posted By Henan Pinggao ElectricLtd (SHSE:600312) Are A Good Indication Of The Strength Of The Business
Apr 29Henan Pinggao ElectricLtd (SHSE:600312) Is Doing The Right Things To Multiply Its Share Price
Apr 05We Think Henan Pinggao ElectricLtd (SHSE:600312) Can Manage Its Debt With Ease
Mar 19Financial Position Analysis
Short Term Liabilities: 600312's short term assets (CN¥14.9B) exceed its short term liabilities (CN¥9.5B).
Long Term Liabilities: 600312's short term assets (CN¥14.9B) exceed its long term liabilities (CN¥157.4M).
Debt to Equity History and Analysis
Debt Level: 600312 has more cash than its total debt.
Reducing Debt: 600312's debt to equity ratio has reduced from 39.2% to 1.6% over the past 5 years.
Debt Coverage: 600312's debt is well covered by operating cash flow (1485.2%).
Interest Coverage: 600312 earns more interest than it pays, so coverage of interest payments is not a concern.