Harbin Electric Balance Sheet Health
Financial Health criteria checks 4/6
Harbin Electric has a total shareholder equity of CN¥15.0B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥73.3B and CN¥58.3B respectively. Harbin Electric's EBIT is CN¥817.1M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥18.7B.
Key information
37.4%
Debt to equity ratio
CN¥5.60b
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥18.68b |
| Equity | CN¥14.97b |
| Total liabilities | CN¥58.34b |
| Total assets | CN¥73.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HP6H's short term assets (CN¥62.4B) exceed its short term liabilities (CN¥55.4B).
Long Term Liabilities: HP6H's short term assets (CN¥62.4B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: HP6H has more cash than its total debt.
Reducing Debt: HP6H's debt to equity ratio has increased from 24.6% to 37.4% over the past 5 years.
Debt Coverage: HP6H's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: HP6H earns more interest than it pays, so coverage of interest payments is not a concern.