Harbin Electric Corporation Jiamusi Electric MachineLtd Balance Sheet Health
Financial Health criteria checks 5/6
Harbin Electric Jiamusi Electric MachineLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥9.4B and CN¥5.8B respectively. Harbin Electric Jiamusi Electric MachineLtd's EBIT is CN¥410.6M making its interest coverage ratio 186. It has cash and short-term investments of CN¥2.1B.
Key information
33.8%
Debt to equity ratio
CN¥1.22b
Debt
| Interest coverage ratio | 186x |
| Cash | CN¥2.14b |
| Equity | CN¥3.60b |
| Total liabilities | CN¥5.83b |
| Total assets | CN¥9.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000922's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 000922's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥247.5M).
Debt to Equity History and Analysis
Debt Level: 000922 has more cash than its total debt.
Reducing Debt: 000922's debt to equity ratio has increased from 0% to 33.8% over the past 5 years.
Debt Coverage: 000922's debt is well covered by operating cash flow (42.5%).
Interest Coverage: 000922's interest payments on its debt are well covered by EBIT (186x coverage).