Harbin Electric Corporation Jiamusi Electric MachineLtd Balance Sheet Health
Financial Health criteria checks 4/6
Harbin Electric Jiamusi Electric MachineLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are CN¥9.6B and CN¥6.0B respectively. Harbin Electric Jiamusi Electric MachineLtd's EBIT is CN¥398.7M making its interest coverage ratio 23.1. It has cash and short-term investments of CN¥1.8B.
Key information
35.8%
Debt to equity ratio
CN¥1.29b
Debt
| Interest coverage ratio | 23.1x |
| Cash | CN¥1.82b |
| Equity | CN¥3.61b |
| Total liabilities | CN¥5.95b |
| Total assets | CN¥9.57b |
Recent financial health updates
Recent updates
Here's What's Concerning About Harbin Electric Corporation Jiamusi Electric MachineLtd's (SZSE:000922) Returns On Capital
Nov 13
Slammed 27% Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd (SZSE:000922) Screens Well Here But There Might Be A Catch
Sep 16We Think Harbin Electric Corporation Jiamusi Electric MachineLtd (SZSE:000922) Can Stay On Top Of Its Debt
Sep 06Little Excitement Around Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd's (SZSE:000922) Earnings
Aug 01Is Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd (SZSE:000922) Trading At A 36% Discount?
May 24Harbin Electric Corporation Jiamusi Electric MachineLtd's (SZSE:000922) Profits May Not Reveal Underlying Issues
May 02Investors Could Be Concerned With Harbin Electric Corporation Jiamusi Electric MachineLtd's (SZSE:000922) Returns On Capital
Apr 17Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd (SZSE:000922) Shares Fly 35% But Investors Aren't Buying For Growth
Mar 29Financial Position Analysis
Short Term Liabilities: 000922's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 000922's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥197.5M).
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 35.8% over the past 5 years.
Debt Coverage: 000922's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 000922's interest payments on its debt are well covered by EBIT (23.1x coverage).