China First Heavy Industries Balance Sheet Health
Financial Health criteria checks 2/6
China First Heavy Industries has a total shareholder equity of CN¥11.9B and total debt of CN¥20.6B, which brings its debt-to-equity ratio to 172.8%. Its total assets and total liabilities are CN¥45.2B and CN¥33.2B respectively. China First Heavy Industries's EBIT is CN¥389.7M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥1.8B.
Key information
172.8%
Debt to equity ratio
CN¥20.61b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥1.83b |
| Equity | CN¥11.93b |
| Total liabilities | CN¥33.25b |
| Total assets | CN¥45.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601106's short term assets (CN¥30.9B) exceed its short term liabilities (CN¥20.7B).
Long Term Liabilities: 601106's short term assets (CN¥30.9B) exceed its long term liabilities (CN¥12.5B).
Debt to Equity History and Analysis
Debt Level: 601106's net debt to equity ratio (157.5%) is considered high.
Reducing Debt: 601106's debt to equity ratio has increased from 119.6% to 172.8% over the past 5 years.
Debt Coverage: 601106's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601106's interest payments on its debt are not well covered by EBIT (1.2x coverage).