Qingdao Daneng Environmental Protection Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Qingdao Daneng Environmental Protection Equipment has a total shareholder equity of CN¥916.2M and total debt of CN¥513.0M, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Qingdao Daneng Environmental Protection Equipment's EBIT is CN¥109.2M making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥232.2M.
Key information
56.0%
Debt to equity ratio
CN¥513.00m
Debt
Interest coverage ratio | 8.1x |
Cash | CN¥232.24m |
Equity | CN¥916.21m |
Total liabilities | CN¥1.30b |
Total assets | CN¥2.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688501's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688501's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥18.5M).
Debt to Equity History and Analysis
Debt Level: 688501's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: 688501's debt to equity ratio has increased from 51.5% to 56% over the past 5 years.
Debt Coverage: 688501's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 688501's interest payments on its debt are well covered by EBIT (8.1x coverage).