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¥1.3B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are CN¥9.3B and CN¥5.7B respectively. Harbin Electric Jiamusi Electric MachineLtd's EBIT is CN¥430.4M making its interest coverage ratio 45.6. It has cash and short-term investments of CN¥1.9B.
Key information
36.5%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | 45.6x |
| Cash | CN¥1.86b |
| Equity | CN¥3.57b |
| Total liabilities | CN¥5.69b |
| Total assets | CN¥9.27b |
Recent financial health updates
Recent updates
We Think Harbin Electric Corporation Jiamusi Electric MachineLtd (SZSE:000922) Can Stay On Top Of Its Debt
Sep 06
Little 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¥7.2B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 000922's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥203.0M).
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 0.1% to 36.5% over the past 5 years.
Debt Coverage: 000922's debt is well covered by operating cash flow (21.5%).
Interest Coverage: 000922's interest payments on its debt are well covered by EBIT (45.6x coverage).