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¥3.1B and total debt of CN¥24.7M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥7.1B and CN¥4.0B respectively. China National Electric Apparatus Research Institute's EBIT is CN¥402.5M making its interest coverage ratio -10. It has cash and short-term investments of CN¥869.8M.
Key information
0.8%
Debt to equity ratio
CN¥24.65m
Debt
| Interest coverage ratio | -10x |
| Cash | CN¥869.85m |
| Equity | CN¥3.09b |
| Total liabilities | CN¥4.03b |
| Total assets | CN¥7.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688128's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 688128's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥189.6M).
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 7% to 0.8% over the past 5 years.
Debt Coverage: 688128's debt is well covered by operating cash flow (1982.5%).
Interest Coverage: 688128 earns more interest than it pays, so coverage of interest payments is not a concern.