China Resources and EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Resources and EnvironmentLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 119.5%. Its total assets and total liabilities are CN¥8.3B and CN¥4.8B respectively. China Resources and EnvironmentLtd's EBIT is CN¥143.1M making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥901.2M.
Key information
119.5%
Debt to equity ratio
CN¥4.19b
Debt
| Interest coverage ratio | 1.1x |
| Cash | CN¥901.23m |
| Equity | CN¥3.51b |
| Total liabilities | CN¥4.83b |
| Total assets | CN¥8.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600217's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 600217's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥780.6M).
Debt to Equity History and Analysis
Debt Level: 600217's net debt to equity ratio (93.7%) is considered high.
Reducing Debt: 600217's debt to equity ratio has reduced from 146% to 119.5% over the past 5 years.
Debt Coverage: 600217's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600217's interest payments on its debt are not well covered by EBIT (1.1x coverage).