Bingshan Refrigeration & Heat Transfer Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Bingshan Refrigeration & Heat Transfer Technologies has a total shareholder equity of CN¥3.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CN¥8.0B and CN¥4.8B respectively. Bingshan Refrigeration & Heat Transfer Technologies's EBIT is CN¥78.6M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥838.0M.
Key information
35.6%
Debt to equity ratio
CN¥1.12b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥837.96m |
Equity | CN¥3.13b |
Total liabilities | CN¥4.82b |
Total assets | CN¥7.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000530's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 000530's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥876.9M).
Debt to Equity History and Analysis
Debt Level: 000530's net debt to equity ratio (8.9%) is considered satisfactory.
Reducing Debt: 000530's debt to equity ratio has increased from 13.4% to 35.6% over the past 5 years.
Debt Coverage: 000530's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000530's interest payments on its debt are well covered by EBIT (3.2x coverage).