DaTang HuaYin Electric PowerLTD Balance Sheet Health
Financial Health criteria checks 0/6
DaTang HuaYin Electric PowerLTD has a total shareholder equity of CN¥1.9B and total debt of CN¥19.6B, which brings its debt-to-equity ratio to 1047.4%. Its total assets and total liabilities are CN¥24.2B and CN¥22.4B respectively. DaTang HuaYin Electric PowerLTD's EBIT is CN¥340.0M making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥955.9M.
Key information
1,047.4%
Debt to equity ratio
CN¥19.55b
Debt
Interest coverage ratio | 1.1x |
Cash | CN¥955.87m |
Equity | CN¥1.87b |
Total liabilities | CN¥22.38b |
Total assets | CN¥24.25b |
Financial Position Analysis
Short Term Liabilities: 600744's short term assets (CN¥4.5B) do not cover its short term liabilities (CN¥8.1B).
Long Term Liabilities: 600744's short term assets (CN¥4.5B) do not cover its long term liabilities (CN¥14.3B).
Debt to Equity History and Analysis
Debt Level: 600744's net debt to equity ratio (996.2%) is considered high.
Reducing Debt: 600744's debt to equity ratio has increased from 347% to 1047.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 600744 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600744 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 53.9% each year