State Grid YingdaLtd Balance Sheet Health
Financial Health criteria checks 5/6
State Grid YingdaLtd has a total shareholder equity of CN¥23.3B and total debt of CN¥10.0B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are CN¥45.2B and CN¥21.8B respectively. State Grid YingdaLtd's EBIT is CN¥2.8B making its interest coverage ratio 16.3. It has cash and short-term investments of CN¥20.6B.
Key information
42.8%
Debt to equity ratio
CN¥9.99b
Debt
Interest coverage ratio | 16.3x |
Cash | CN¥20.64b |
Equity | CN¥23.35b |
Total liabilities | CN¥21.81b |
Total assets | CN¥45.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600517's short term assets (CN¥34.1B) exceed its short term liabilities (CN¥20.7B).
Long Term Liabilities: 600517's short term assets (CN¥34.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600517 has more cash than its total debt.
Reducing Debt: 600517's debt to equity ratio has reduced from 61.6% to 42.8% over the past 5 years.
Debt Coverage: 600517's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: 600517's interest payments on its debt are well covered by EBIT (16.3x coverage).