China Resources and EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Resources and EnvironmentLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 160.3%. Its total assets and total liabilities are CN¥7.4B and CN¥4.8B respectively. China Resources and EnvironmentLtd's EBIT is CN¥444.5M making its interest coverage ratio -460.8. It has cash and short-term investments of CN¥494.9M.
Key information
160.3%
Debt to equity ratio
CN¥4.20b
Debt
Interest coverage ratio | -460.8x |
Cash | CN¥494.87m |
Equity | CN¥2.62b |
Total liabilities | CN¥4.80b |
Total assets | CN¥7.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600217's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 600217's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 600217's net debt to equity ratio (141.4%) is considered high.
Reducing Debt: 600217's debt to equity ratio has increased from 134.5% to 160.3% over the past 5 years.
Debt Coverage: 600217's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: 600217 earns more interest than it pays, so coverage of interest payments is not a concern.