Huadian Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
Huadian Heavy Industries has a total shareholder equity of CN¥4.3B and total debt of CN¥181.6M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥10.4B and CN¥6.1B respectively. Huadian Heavy Industries's EBIT is CN¥77.6M making its interest coverage ratio 5053.8. It has cash and short-term investments of CN¥1.4B.
Key information
4.3%
Debt to equity ratio
CN¥181.63m
Debt
| Interest coverage ratio | 5053.8x |
| Cash | CN¥1.39b |
| Equity | CN¥4.27b |
| Total liabilities | CN¥6.09b |
| Total assets | CN¥10.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601226's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 601226's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥35.1M).
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 13.6% to 4.3% over the past 5 years.
Debt Coverage: 601226's debt is well covered by operating cash flow (47.4%).
Interest Coverage: 601226's interest payments on its debt are well covered by EBIT (5053.8x coverage).