Jiangsu Huachen Transformer Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Huachen Transformer has a total shareholder equity of CN¥955.5M and total debt of CN¥325.8M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are CN¥1.7B and CN¥759.1M respectively. Jiangsu Huachen Transformer's EBIT is CN¥155.1M making its interest coverage ratio 50.4. It has cash and short-term investments of CN¥142.2M.
Key information
34.1%
Debt to equity ratio
CN¥325.75m
Debt
| Interest coverage ratio | 50.4x |
| Cash | CN¥142.20m |
| Equity | CN¥955.53m |
| Total liabilities | CN¥759.11m |
| Total assets | CN¥1.71b |
Financial Position Analysis
Short Term Liabilities: 603097's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥726.1M).
Long Term Liabilities: 603097's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥33.0M).
Debt to Equity History and Analysis
Debt Level: 603097's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: 603097's debt to equity ratio has increased from 11% to 34.1% over the past 5 years.
Debt Coverage: 603097's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603097's interest payments on its debt are well covered by EBIT (50.4x coverage).