Hengsheng Energy Balance Sheet Health
Financial Health criteria checks 6/6
Hengsheng Energy has a total shareholder equity of CN¥963.4M and total debt of CN¥326.5M, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥1.5B and CN¥487.5M respectively. Hengsheng Energy's EBIT is CN¥143.5M making its interest coverage ratio 29.3. It has cash and short-term investments of CN¥113.8M.
Key information
33.9%
Debt to equity ratio
CN¥326.51m
Debt
| Interest coverage ratio | 29.3x |
| Cash | CN¥113.80m |
| Equity | CN¥963.43m |
| Total liabilities | CN¥487.49m |
| Total assets | CN¥1.45b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Hengsheng Energy (SHSE:605580)
Nov 04
There Are Reasons To Feel Uneasy About Hengsheng Energy's (SHSE:605580) Returns On Capital
Oct 01Hengsheng Energy (SHSE:605580) Will Want To Turn Around Its Return Trends
Jun 05Hengsheng Energy's (SHSE:605580) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 24Hengsheng Energy Co., Ltd (SHSE:605580) Surges 33% Yet Its Low P/E Is No Reason For Excitement
Mar 08Hengsheng Energy (SHSE:605580) Will Want To Turn Around Its Return Trends
Feb 27Financial Position Analysis
Short Term Liabilities: 605580's short term assets (CN¥466.5M) exceed its short term liabilities (CN¥381.5M).
Long Term Liabilities: 605580's short term assets (CN¥466.5M) exceed its long term liabilities (CN¥106.0M).
Debt to Equity History and Analysis
Debt Level: 605580's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: 605580's debt to equity ratio has reduced from 72% to 33.9% over the past 5 years.
Debt Coverage: 605580's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 605580's interest payments on its debt are well covered by EBIT (29.3x coverage).