Huadian Liaoning Energy DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 1/6
Huadian Liaoning Energy DevelopmentLtd has a total shareholder equity of CN¥976.8M and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 893.7%. Its total assets and total liabilities are CN¥13.6B and CN¥12.6B respectively. Huadian Liaoning Energy DevelopmentLtd's EBIT is CN¥107.0M making its interest coverage ratio -0. It has cash and short-term investments of CN¥496.3M.
Key information
893.7%
Debt to equity ratio
CN¥8.73b
Debt
| Interest coverage ratio | -0.04x |
| Cash | CN¥496.27m |
| Equity | CN¥976.75m |
| Total liabilities | CN¥12.64b |
| Total assets | CN¥13.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600396's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥7.2B).
Long Term Liabilities: 600396's short term assets (CN¥1.8B) do not cover its long term liabilities (CN¥5.4B).
Debt to Equity History and Analysis
Debt Level: 600396's net debt to equity ratio (842.9%) is considered high.
Reducing Debt: 600396's debt to equity ratio has increased from 534.9% to 893.7% over the past 5 years.
Debt Coverage: 600396's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: 600396 earns more interest than it pays, so coverage of interest payments is not a concern.