Huaming Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Huaming Power EquipmentLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥478.9M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥4.4B and CN¥1.3B respectively. Huaming Power EquipmentLtd's EBIT is CN¥627.9M making its interest coverage ratio -19.7. It has cash and short-term investments of CN¥939.0M.
Key information
15.4%
Debt to equity ratio
CN¥478.92m
Debt
| Interest coverage ratio | -19.7x |
| Cash | CN¥939.03m |
| Equity | CN¥3.11b |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥4.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002270's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002270's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥262.6M).
Debt to Equity History and Analysis
Debt Level: 002270 has more cash than its total debt.
Reducing Debt: 002270's debt to equity ratio has reduced from 44.7% to 15.4% over the past 5 years.
Debt Coverage: 002270's debt is well covered by operating cash flow (132.6%).
Interest Coverage: 002270 earns more interest than it pays, so coverage of interest payments is not a concern.