Hangzhou Cogeneration Group Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Cogeneration Group has a total shareholder equity of CN¥2.8B and total debt of CN¥709.6M, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are CN¥4.0B and CN¥1.2B respectively. Hangzhou Cogeneration Group's EBIT is CN¥222.6M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥846.5M.
Key information
25.5%
Debt to equity ratio
CN¥709.60m
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥846.45m |
| Equity | CN¥2.78b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥4.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605011's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥829.0M).
Long Term Liabilities: 605011's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥416.0M).
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 89.9% to 25.5% over the past 5 years.
Debt Coverage: 605011's debt is well covered by operating cash flow (54.3%).
Interest Coverage: 605011 earns more interest than it pays, so coverage of interest payments is not a concern.