China Green Electricity Investment of Tianjin Balance Sheet Health
Financial Health criteria checks 3/6
China Green Electricity Investment of Tianjin has a total shareholder equity of CN¥19.4B and total debt of CN¥24.2B, which brings its debt-to-equity ratio to 124.8%. Its total assets and total liabilities are CN¥49.2B and CN¥29.8B respectively. China Green Electricity Investment of Tianjin's EBIT is CN¥1.6B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥4.7B.
Key information
124.8%
Debt to equity ratio
CN¥24.24b
Debt
Interest coverage ratio | 3.1x |
Cash | CN¥4.69b |
Equity | CN¥19.42b |
Total liabilities | CN¥29.77b |
Total assets | CN¥49.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000537's short term assets (CN¥11.5B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 000537's short term assets (CN¥11.5B) do not cover its long term liabilities (CN¥21.2B).
Debt to Equity History and Analysis
Debt Level: 000537's net debt to equity ratio (100.7%) is considered high.
Reducing Debt: 000537's debt to equity ratio has reduced from 218.7% to 124.8% over the past 5 years.
Debt Coverage: 000537's debt is not well covered by operating cash flow (16%).
Interest Coverage: 000537's interest payments on its debt are well covered by EBIT (3.1x coverage).