Greenland Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Greenland Holdings has a total shareholder equity of CN¥143.7B and total debt of CN¥217.3B, which brings its debt-to-equity ratio to 151.2%. Its total assets and total liabilities are CN¥1,197.0B and CN¥1,053.3B respectively. Greenland Holdings's EBIT is CN¥983.4M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥38.0B.
Key information
151.2%
Debt to equity ratio
CN¥217.26b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥37.95b |
| Equity | CN¥143.65b |
| Total liabilities | CN¥1.05t |
| Total assets | CN¥1.20t |
Financial Position Analysis
Short Term Liabilities: 600606's short term assets (CN¥1,017.6B) exceed its short term liabilities (CN¥917.0B).
Long Term Liabilities: 600606's short term assets (CN¥1,017.6B) exceed its long term liabilities (CN¥136.3B).
Debt to Equity History and Analysis
Debt Level: 600606's net debt to equity ratio (124.8%) is considered high.
Reducing Debt: 600606's debt to equity ratio has reduced from 236.3% to 151.2% over the past 5 years.
Debt Coverage: 600606's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600606's interest payments on its debt are not well covered by EBIT (0.2x coverage).