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¥700.1M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are CN¥3.9B and CN¥1.2B respectively. Hangzhou Cogeneration Group's EBIT is CN¥240.5M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥668.6M.
Key information
25.8%
Debt to equity ratio
CN¥700.09m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥668.63m |
| Equity | CN¥2.72b |
| Total liabilities | CN¥1.16b |
| Total assets | CN¥3.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605011's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥795.2M).
Long Term Liabilities: 605011's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥367.0M).
Debt to Equity History and Analysis
Debt Level: 605011's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 605011's debt to equity ratio has reduced from 95.3% to 25.8% over the past 5 years.
Debt Coverage: 605011's debt is well covered by operating cash flow (42.3%).
Interest Coverage: 605011 earns more interest than it pays, so coverage of interest payments is not a concern.