Changgao Electric Group Balance Sheet Health
Financial Health criteria checks 6/6
Changgao Electric Group has a total shareholder equity of CN¥2.2B and total debt of CN¥152.1M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥3.1B and CN¥890.5M respectively. Changgao Electric Group's EBIT is CN¥209.2M making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥815.4M.
Key information
6.9%
Debt to equity ratio
CN¥152.14m
Debt
Interest coverage ratio | -10.6x |
Cash | CN¥815.43m |
Equity | CN¥2.21b |
Total liabilities | CN¥890.51m |
Total assets | CN¥3.10b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002452's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥601.6M).
Long Term Liabilities: 002452's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥289.0M).
Debt to Equity History and Analysis
Debt Level: 002452 has more cash than its total debt.
Reducing Debt: 002452's debt to equity ratio has reduced from 26.4% to 6.9% over the past 5 years.
Debt Coverage: 002452's debt is well covered by operating cash flow (160%).
Interest Coverage: 002452 earns more interest than it pays, so coverage of interest payments is not a concern.