Huadian Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
Huadian Heavy Industries has a total shareholder equity of CN¥4.4B and total debt of CN¥26.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥11.0B and CN¥6.6B respectively. Huadian Heavy Industries's EBIT is CN¥136.5M making its interest coverage ratio 42. It has cash and short-term investments of CN¥1.8B.
Key information
0.6%
Debt to equity ratio
CN¥26.00m
Debt
| Interest coverage ratio | 42x |
| Cash | CN¥1.79b |
| Equity | CN¥4.45b |
| Total liabilities | CN¥6.55b |
| Total assets | CN¥11.00b |
Recent financial health updates
Huadian Heavy Industries (SHSE:601226) Has A Pretty Healthy Balance Sheet
Sep 26
Huadian Heavy Industries (SHSE:601226) Has A Pretty Healthy Balance Sheet
May 24Recent updates
Huadian Heavy Industries Co., Ltd. (SHSE:601226) Looks Just Right With A 25% Price Jump
Nov 21We Think You Can Look Beyond Huadian Heavy Industries' (SHSE:601226) Lackluster Earnings
Nov 04Huadian Heavy Industries (SHSE:601226) May Have Issues Allocating Its Capital
Oct 23Huadian Heavy Industries (SHSE:601226) Has A Pretty Healthy Balance Sheet
Sep 26Huadian Heavy Industries' (SHSE:601226) Shareholders Will Receive A Smaller Dividend Than Last Year
Jul 12The Price Is Right For Huadian Heavy Industries Co., Ltd. (SHSE:601226)
Jun 24Huadian Heavy Industries (SHSE:601226) Has A Pretty Healthy Balance Sheet
May 24Huadian Heavy Industries' (SHSE:601226) Shareholders Have More To Worry About Than Only Soft Earnings
May 02Huadian Heavy Industries Co., Ltd. (SHSE:601226) Screens Well But There Might Be A Catch
Mar 21Financial Position Analysis
Short Term Liabilities: 601226's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 601226's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥36.5M).
Debt to Equity History and Analysis
Debt Level: 601226 has more cash than its total debt.
Reducing Debt: 601226's debt to equity ratio has reduced from 12.8% to 0.6% over the past 5 years.
Debt Coverage: 601226's debt is well covered by operating cash flow (2131.3%).
Interest Coverage: 601226's interest payments on its debt are well covered by EBIT (42x coverage).