Henan Pinggao ElectricLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Pinggao ElectricLtd has a total shareholder equity of CN¥10.7B and total debt of CN¥96.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥21.1B and CN¥10.4B respectively. Henan Pinggao ElectricLtd's EBIT is CN¥1.2B making its interest coverage ratio -14.2. It has cash and short-term investments of CN¥5.5B.
Key information
0.9%
Debt to equity ratio
CN¥95.99m
Debt
| Interest coverage ratio | -14.2x |
| Cash | CN¥5.48b |
| Equity | CN¥10.73b |
| Total liabilities | CN¥10.41b |
| Total assets | CN¥21.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600312's short term assets (CN¥15.7B) exceed its short term liabilities (CN¥10.2B).
Long Term Liabilities: 600312's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥172.2M).
Debt to Equity History and Analysis
Debt Level: 600312 has more cash than its total debt.
Reducing Debt: 600312's debt to equity ratio has reduced from 31.9% to 0.9% over the past 5 years.
Debt Coverage: 600312's debt is well covered by operating cash flow (3032.3%).
Interest Coverage: 600312 earns more interest than it pays, so coverage of interest payments is not a concern.