Inner Mongolia MengDian HuaNeng Thermal Power Balance Sheet Health
Financial Health criteria checks 5/6
Inner Mongolia MengDian HuaNeng Thermal Power has a total shareholder equity of CN¥24.5B and total debt of CN¥11.2B, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are CN¥39.7B and CN¥15.2B respectively. Inner Mongolia MengDian HuaNeng Thermal Power's EBIT is CN¥3.7B making its interest coverage ratio -20.2. It has cash and short-term investments of CN¥1.6B.
Key information
45.6%
Debt to equity ratio
CN¥11.17b
Debt
Interest coverage ratio | -20.2x |
Cash | CN¥1.56b |
Equity | CN¥24.49b |
Total liabilities | CN¥15.18b |
Total assets | CN¥39.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600863's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 600863's short term assets (CN¥7.6B) do not cover its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 600863's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: 600863's debt to equity ratio has reduced from 125.6% to 45.6% over the past 5 years.
Debt Coverage: 600863's debt is well covered by operating cash flow (44.7%).
Interest Coverage: 600863 earns more interest than it pays, so coverage of interest payments is not a concern.