Hengsheng Energy Balance Sheet Health
Financial Health criteria checks 6/6
Hengsheng Energy has a total shareholder equity of CN¥950.9M and total debt of CN¥289.0M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are CN¥1.4B and CN¥417.4M respectively. Hengsheng Energy's EBIT is CN¥153.3M making its interest coverage ratio 1313.5. It has cash and short-term investments of CN¥162.5M.
Key information
30.4%
Debt to equity ratio
CN¥289.01m
Debt
| Interest coverage ratio | 1313.5x |
| Cash | CN¥162.53m |
| Equity | CN¥950.91m |
| Total liabilities | CN¥417.37m |
| Total assets | CN¥1.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605580's short term assets (CN¥470.3M) exceed its short term liabilities (CN¥294.5M).
Long Term Liabilities: 605580's short term assets (CN¥470.3M) exceed its long term liabilities (CN¥122.9M).
Debt to Equity History and Analysis
Debt Level: 605580's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: 605580's debt to equity ratio has reduced from 66.6% to 30.4% over the past 5 years.
Debt Coverage: 605580's debt is well covered by operating cash flow (70.1%).
Interest Coverage: 605580's interest payments on its debt are well covered by EBIT (1313.5x coverage).