Hebei Gongda Keya Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hebei Gongda Keya Energy TechnologyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥79.7M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CN¥1.5B and CN¥203.7M respectively. Hebei Gongda Keya Energy TechnologyLtd's EBIT is CN¥37.1M making its interest coverage ratio -3. It has cash and short-term investments of CN¥537.3M.
Key information
6.0%
Debt to equity ratio
CN¥79.72m
Debt
Interest coverage ratio | -3x |
Cash | CN¥537.27m |
Equity | CN¥1.34b |
Total liabilities | CN¥203.69m |
Total assets | CN¥1.54b |
Financial Position Analysis
Short Term Liabilities: 301197's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥197.3M).
Long Term Liabilities: 301197's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥6.4M).
Debt to Equity History and Analysis
Debt Level: 301197 has more cash than its total debt.
Reducing Debt: 301197's debt to equity ratio has increased from 0% to 6% over the past 5 years.
Debt Coverage: 301197's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301197 earns more interest than it pays, so coverage of interest payments is not a concern.