China National Electric Apparatus Research Institute Balance Sheet Health
Financial Health criteria checks 6/6
China National Electric Apparatus Research Institute has a total shareholder equity of CN¥3.0B and total debt of CN¥13.5M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥7.2B and CN¥4.2B respectively. China National Electric Apparatus Research Institute's EBIT is CN¥379.1M making its interest coverage ratio -13. It has cash and short-term investments of CN¥732.9M.
Key information
0.4%
Debt to equity ratio
CN¥13.50m
Debt
Interest coverage ratio | -13x |
Cash | CN¥732.86m |
Equity | CN¥3.01b |
Total liabilities | CN¥4.16b |
Total assets | CN¥7.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688128's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 688128's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥204.3M).
Debt to Equity History and Analysis
Debt Level: 688128 has more cash than its total debt.
Reducing Debt: 688128's debt to equity ratio has reduced from 1.1% to 0.4% over the past 5 years.
Debt Coverage: 688128's debt is well covered by operating cash flow (2904.3%).
Interest Coverage: 688128 earns more interest than it pays, so coverage of interest payments is not a concern.