Hangzhou Cogeneration Group Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Cogeneration Group has a total shareholder equity of CN¥2.7B and total debt of CN¥650.1M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥3.8B and CN¥1.1B respectively. Hangzhou Cogeneration Group's EBIT is CN¥269.5M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥673.7M.
Key information
23.9%
Debt to equity ratio
CN¥650.09m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥673.73m |
| Equity | CN¥2.72b |
| Total liabilities | CN¥1.08b |
| Total assets | CN¥3.81b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 605011's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥740.0M).
Long Term Liabilities: 605011's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥343.0M).
Debt to Equity History and Analysis
Debt Level: 605011 has more cash than its total debt.
Reducing Debt: 605011's debt to equity ratio has reduced from 101.1% to 23.9% over the past 5 years.
Debt Coverage: 605011's debt is well covered by operating cash flow (66.8%).
Interest Coverage: 605011 earns more interest than it pays, so coverage of interest payments is not a concern.