Huaming Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Huaming Power EquipmentLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥350.7M, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are CN¥4.3B and CN¥1.1B respectively. Huaming Power EquipmentLtd's EBIT is CN¥621.5M making its interest coverage ratio -23.4. It has cash and short-term investments of CN¥1.1B.
Key information
11.0%
Debt to equity ratio
CN¥350.67m
Debt
| Interest coverage ratio | -23.4x |
| Cash | CN¥1.08b |
| Equity | CN¥3.18b |
| Total liabilities | CN¥1.14b |
| Total assets | CN¥4.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002270's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥655.8M).
Long Term Liabilities: 002270's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥481.6M).
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 44.2% to 11% over the past 5 years.
Debt Coverage: 002270's debt is well covered by operating cash flow (184.5%).
Interest Coverage: 002270 earns more interest than it pays, so coverage of interest payments is not a concern.