CECEP Wind-power CorporationLtd Balance Sheet Health
Financial Health criteria checks 3/6
CECEP Wind-powerLtd has a total shareholder equity of CN¥18.0B and total debt of CN¥22.1B, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are CN¥43.0B and CN¥25.0B respectively. CECEP Wind-powerLtd's EBIT is CN¥2.6B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥2.5B.
Key information
122.8%
Debt to equity ratio
CN¥22.13b
Debt
Interest coverage ratio | 3.6x |
Cash | CN¥2.48b |
Equity | CN¥18.02b |
Total liabilities | CN¥24.95b |
Total assets | CN¥42.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601016's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 601016's short term assets (CN¥10.0B) do not cover its long term liabilities (CN¥20.3B).
Debt to Equity History and Analysis
Debt Level: 601016's net debt to equity ratio (109.1%) is considered high.
Reducing Debt: 601016's debt to equity ratio has reduced from 157.2% to 122.8% over the past 5 years.
Debt Coverage: 601016's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 601016's interest payments on its debt are well covered by EBIT (3.6x coverage).