Hubei Donper Electromechanical Group Balance Sheet Health
Financial Health criteria checks 6/6
Hubei Donper Electromechanical Group has a total shareholder equity of CN¥2.6B and total debt of CN¥865.3M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥6.9B and CN¥4.3B respectively. Hubei Donper Electromechanical Group's EBIT is CN¥179.9M making its interest coverage ratio 12. It has cash and short-term investments of CN¥835.4M.
Key information
33.8%
Debt to equity ratio
CN¥865.33m
Debt
Interest coverage ratio | 12x |
Cash | CN¥835.37m |
Equity | CN¥2.56b |
Total liabilities | CN¥4.29b |
Total assets | CN¥6.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601956's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 601956's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥312.4M).
Debt to Equity History and Analysis
Debt Level: 601956's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 601956's debt to equity ratio has reduced from 79% to 33.8% over the past 5 years.
Debt Coverage: 601956's debt is well covered by operating cash flow (44.6%).
Interest Coverage: 601956's interest payments on its debt are well covered by EBIT (12x coverage).