Huaihe Energy (Group)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Huaihe Energy (Group)Ltd has a total shareholder equity of CN¥12.8B and total debt of CN¥5.4B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CN¥24.4B and CN¥11.6B respectively. Huaihe Energy (Group)Ltd's EBIT is CN¥1.0B making its interest coverage ratio -16.1. It has cash and short-term investments of CN¥3.2B.
Key information
42.5%
Debt to equity ratio
CN¥5.44b
Debt
Interest coverage ratio | -16.1x |
Cash | CN¥3.23b |
Equity | CN¥12.81b |
Total liabilities | CN¥11.58b |
Total assets | CN¥24.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600575's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 600575's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥5.1B).
Debt to Equity History and Analysis
Debt Level: 600575's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 600575's debt to equity ratio has reduced from 47.6% to 42.5% over the past 5 years.
Debt Coverage: 600575's debt is well covered by operating cash flow (38.1%).
Interest Coverage: 600575 earns more interest than it pays, so coverage of interest payments is not a concern.