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
No updates
Recent updates
Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 03:11 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Haibo Liu | Citic Securities Co., Ltd. |
| Jianjian Li | Founder Securities Co., Ltd. |
| Shuang Wu | Guosen Securities Co., Ltd. |