Harbin Electric Balance Sheet Health
Financial Health criteria checks 5/6
Harbin Electric has a total shareholder equity of CN¥14.6B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are CN¥71.3B and CN¥56.7B respectively. Harbin Electric's EBIT is CN¥251.6M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥21.6B.
Key information
41.9%
Debt to equity ratio
CN¥6.11b
Debt
Interest coverage ratio | -0.4x |
Cash | CN¥21.62b |
Equity | CN¥14.59b |
Total liabilities | CN¥56.71b |
Total assets | CN¥71.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HP6H's short term assets (CN¥60.6B) exceed its short term liabilities (CN¥52.9B).
Long Term Liabilities: HP6H's short term assets (CN¥60.6B) exceed its long term liabilities (CN¥3.8B).
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 14.5% to 41.9% over the past 5 years.
Debt Coverage: HP6H's debt is well covered by operating cash flow (37.4%).
Interest Coverage: HP6H earns more interest than it pays, so coverage of interest payments is not a concern.