Hefei Kewell Power SystemLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hefei Kewell Power SystemLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥34.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥1.8B and CN¥430.0M respectively. Hefei Kewell Power SystemLtd's EBIT is CN¥78.7M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥851.5M.
Key information
2.6%
Debt to equity ratio
CN¥34.05m
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥851.49m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥429.99m |
| Total assets | CN¥1.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688551's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥407.6M).
Long Term Liabilities: 688551's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥22.4M).
Debt to Equity History and Analysis
Debt Level: 688551 has more cash than its total debt.
Reducing Debt: 688551's debt to equity ratio has reduced from 5% to 2.6% over the past 5 years.
Debt Coverage: 688551's debt is well covered by operating cash flow (137%).
Interest Coverage: 688551 earns more interest than it pays, so coverage of interest payments is not a concern.