Hangzhou Turbine Power Group Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Turbine Power Group has a total shareholder equity of CN¥8.8B and total debt of CN¥803.2M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥16.4B and CN¥7.6B respectively. Hangzhou Turbine Power Group's EBIT is CN¥487.5M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥2.9B.
Key information
9.1%
Debt to equity ratio
CN¥803.16m
Debt
Interest coverage ratio | -3.3x |
Cash | CN¥2.94b |
Equity | CN¥8.78b |
Total liabilities | CN¥7.59b |
Total assets | CN¥16.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 200771's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: 200771's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 200771 has more cash than its total debt.
Reducing Debt: 200771's debt to equity ratio has increased from 3.6% to 9.1% over the past 5 years.
Debt Coverage: 200771's debt is well covered by operating cash flow (83.8%).
Interest Coverage: 200771 earns more interest than it pays, so coverage of interest payments is not a concern.